Write-Offs: 05.09.11
$$$ Bruce Berkowitz On AIG: “I Was Wrong” [MarketBeat]
$$$To the Bullish Went the Spoils (WSJ)
$$$ Greece Pushes Plan to Raise Cash With Big Sales (NYT)
$$$Pacific Crest Said to Plan Buyout of Goldman-Backed Research Arm (Bloomberg)
$$$Citigroup shares face struggle post-reverse split (Reuters)
$$$ This is a tattoo of "the formula that caused the financial crisis" [Easy Street]
$$$JPMorgan Hires Former Barclays M.&A. Banker (DealBook)
$$$Barclays Will Get $1.1 Billion From Trustee Liquidating Lehman’s Brokerage (Bloomberg)
$$$U.S. Closes Florida's Coastal Bank (WSJ)
$$$Evacuations in Memphis as River Nears Crest (NYT)
$$$$2 billion in rail projects announced; Northeast to get largest share for high-speed upgrades (WaPo)
$$$ Scientific Study Links Flammable Drinking Water to Fracking (ProPublica)
$$$ Tina Fey's Sarah Palin, Darrell Hammond's Donald Trump Return For GOP Presidential Debate (HuffPo)