Write-Offs: 03.03.11

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$$$ Geithner: Inevitable That China Will Appreciate The Yuan [WSJ]

$$$ “Sallie Krawcheck has a really tough job,” Degenhardt-Burke says. “The hardest, I think, of anyone on Wall Street. The BofA and Merrill cultures just don’t mesh well.” [Bloomberg Businessweek]

$$$ Facebook Valued At $65 Billion In New Investment [Reuters]

$$$How JPMorgan Made Nearly A Billion Dollars From Madoff [NetNet]

$$$ Highbridge Capital Management LLC’s Munib Islam left the $27 billion hedge fund, the second portfolio manager to depart this month, according to two people familiar with the matter. [Bloomberg, Dealbreaker]

$$$ Twitter co-founder: no plans for IPO; report of $450M sale to JPMorgan 'made up' [NYP]

$$$Trichet Hints At ECB Rate Rise [WSJ]

$$$ Facebook, Twitter, Zynga Bubbles Minting Millionaires [FINS]

$$$ "Blake Lively shared lunch with businessman Vivi Nevo at media mecca Michael's yesterday. The "Gossip Girl" star and the wealthy investor's intense discussion had other diners buzzing. Blake recently split with her co-star Penn Badgley while Nevo, reported to be an early backer of the Weinstein Co. and a major shareholder in Time Warner, split with Chinese actress Zhang Ziyi in 2010. A rep for Lively insisted, "It was a business meeting," but declined to say about what." [NYP via Daily Intel

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