Write-Offs: 05.04.11

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: May 4, 2011

$$$ Lawmakers told $2 trillion debt cap raise needed: sources (Reuters)

$$$Obama will not release bin Laden photos, White House says (WaPo)

$$$Value Investing Congress Summary: Marks, Romick, Tilson, Leonard & More (MarketFolly)

$$$ UBS Financial Services Inc. lost a jury verdict of almost $10.6 million in a case brought by a former sales assistant who said she was sexually harassed by a supervisor...[who] “repeatedly made inappropriate comments about Ingraham’s breast size,” called her into his office “to view sexually offensive e-mails on his computer,” and repeatedly talked about the size of his genitals,” she said. He also asked her about her sexual fantasies, she said in the lawsuit. (Bloomberg)

$$$ More Power Over Wall Street, but Little Chance to Discuss It (ProPublica)

$$$ Dems To Force Vote On Oil Subsidies (HuffPo)

$$$Madoff trustee Irving Picard wants to start repaying victims (NYP)

$$$PIMCO rolls out floating-rate fund ahead of rates (Reuters)

$$$Carlos Slim Actively Selling Silver Futures (CNBC)

$$$Bank Stocks Shunned by Money Managers Over Derivatives (Bloomberg)

$$$LinkedIn Chooses NYSE Over Nasdaq, Following Renren and Pandora (Bloomberg)

$$$NASA Gravity Probe Confirms Two Einstein Theories (Space)

$$$ J.P. Morgan Suspends Share Buyback [WSJ] $$$ Bank of America's CEO 'Comfortable' With Investments [CNBC] $$$ Gupta ‘Threw Away His Duties,’ Prosecutor Says In Opening [Bloomberg] $$$ France, Germany Fail to Resolve Differences Over Euro Bonds [WSJ] $$$ U.S. lets China bypass Wall Street for Treasury orders [Reuters] $$$ MF Global's Corzine Got More Than $8 Million in Year Before Collapse [WSJ] $$$ S&P is looking for an associate to rate media and entertainment companies in Chicago - interested? [DBCC] $$$ "On average, for every additional 1% a company returned to shareholders between 2009 and 2011, the CEO was paid 0.6% more last year, the analysis found. For every 1% decline in shareholder return, the CEO was paid 0.6% less. ... In 2010, there was no correlation; for every 1% decrease in shareholder return, the average CEO was paid 0.02% more." [WSJ]$$$ Enron Ex-CEO Seeks Retrial On ‘New Evidence,’ Lawyer Says [Bloomberg] $$$ SEC move set to boost covered bonds in US [FT] $$$ With New Firepower, S.E.C. Tracks Bigger Game [DealBook] $$$ The New York Times printed a giant Gretchen Morgenson story about insider trading except there was no insider trading [Reuters / Felix Salmon, also Reformed Broker] $$$ Taxi Panel May Raise Fares Up to 20% [NYT] $$$ Gal claims she was 'too hot' to work in lingerie shop, forced to wear robe before getting boot: suit [NYP]

$$$ Eurozone deal over bank bailout in doubt [FT] $$$ U.K. Bankers Group to Stop Overseeing Libor [WSJ] $$$ The Smith Barney Name Still Lives (Sort of) [Deal Journal] $$$ Mason Capital may lose money on its delightful Telus trade [DealBook] $$$ Actually, business and political leaders aren't that stressed [LAT] $$$ “I’ve had to sit here all night staring at a whale,” [Jes] Staley said last night, a few hours into a gala for the NYU Langone Medical Center’s Hospital for Joint Diseases and Center for Musculoskeletal Care. He was accepting an award for corporate leadership. Staley then suggested the whale could be replaced with the squid in the room, which, he clarified afterward, meant Goldman Sachs Group Inc., represented by his friend Gary D. Cohn, chairman of the dinner and the hospital’s advisory board. Rolling Stone writer Matt Taibbi called Goldman a “vampire squid.” All this took place about 20 feet from a diorama depicting a battle between a sperm whale and a giant squid. Which creature will triumph is unclear, though squid have been found in whales’ stomachs. [Bloomberg] $$$ Macquarie's Credit Solutions Group, a distressed and special situations financing group, is looking for a 2nd or 3rd-year analyst in New York [DBCC] $$$ Or just be an event coordinator for Breaking Media [Fashionista] $$$ Uber Bear Sees S&P at 800...Just Not Yet [CNBC!] $$$ Eighth Grader Says He Vandalized Congressman’s Office [NYT] $$$ Mitt Romney Stops Supporters from Chanting ‘Ryan’ to Ensure They Say His Name Too [Gawker] $$$ Police launched investigation into the 'suspicious' moon [Telegraph]

Hollande sees Greek deal (Merkel does not); Match.com to IPO; The rise of the compliance guy; "Trashed golfer gets head stuck in garbage can"; and more.