Write-Offs: 05.12.11

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$$$Facebook Busted in Clumsy Smear on Google (Daily Beast)

$$$ Dick Bove: Lloyd Blankfein's Uncertain Future at Goldman (Fox Business)

$$$ Apollo earnings up, in first report since IPO (Reuters)

$$$Glencore CEO Says Commodities Market Still Strong (CNBC)

$$$ Kyle Bass: 'Greece Is Bankrupt' and Will Restructure (CNBC)

$$$Leucadia Said to Join Centerbridge in Bid for Citigroup Consumer-Loan Unit (Bloomberg)

$$$Silver Lake Recruits Credit Suisse Banker Bryce Lee for Clean-Energy Fund (Bloomberg)

$$$Initial Jobless Claims in U.S. Fell 44,000 Last Week (Bloomberg)

$$$ Foreclosures Fall To 40 Month Low -- Due To Paperwork Delays, Not Recovery (HuffPo)

$$$Oil Chiefs Lash Out Against Tax Proposal (NYT)

$$$Regulators Defend Financial Revamp Efforts (WSJ)

$$$ Treasury expected to hold off on further GM stock sales until August at earliest (AP via WaPo)

$$$ Philip Morris CEO says it's 'not that hard' to quit cigarettes (LA Times)

$$$ Lindsay Lohan gets 120 days in theft of necklace (LA Times)

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