Write-Offs: 05.20.11

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$$$ "Senate investigators are examining 20 instances over the past decade when a Wall Street regulator suspected that SAC Capital Advisors LP, one of the nation's most powerful hedge funds, could have traded on inside information, people familiar with the matter say...Last month, Sen. Grassley asked the Financial Industry Regulatory Authority, which is the largest independent regulator policing financial firms in the U.S., for details of any "suspicious trading" by SAC. Finra last week provided Sen. Grassley with roughly 20 instances when it considered the timing of SAC trading ahead of market-moving news, or other circumstances of trades, as suspicious enough for Finra to refer the matters to the Securities and Exchange Commission's enforcement staff, the people say." (WSJ, earlier)

$$$Gold jumps 1.5 percent on euro zone debt fears (Reuters)

$$$Payrolls Grow in 42 States Including New York, Texas as Job Market Revives (Bloomberg)

$$$ Greece hit by Fitch debt downgrade (FT)

$$$ IMF approves 26 billion euro funding for Portugal (Reuters)

$$$ Former IMF Chief to Stay in Temporary Housing in Lower Manhattan

$$$Dervis rules himself out of IMF race (FT)

$$$IMF Aborted Strauss-Kahn Probe in 2008 (Bloomberg)

$$$Emerging market equity funds see $1.6 bln outflows (MarketWatch)

$$$Soros sharpens gold bubble debate (FT)

$$$ Analysts’ Rare ‘Sell’ Ratings are Rarely Right (Bloomberg)

$$$ Mayor Bloomberg says if Apocalypse happens, alternate side parking suspended (NYDN)

$$$ JPMorgan Traders’ Market-Share Inroads Growing, Deutsche Bank Analyst Says (Bloomberg)

$$$ Goldman Sachs Names Sorrell, Gutman as Co-Heads of U.K. Investment Banking (Bloomberg)

$$$UBS Loses Two Top Investment Bankers (CNBC)

$$$Who shot bin Laden? Former SEALs fill in the blanks (WaPo)

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