Write-Offs: 10.05.11
$$$Chicago Board Of Trade To Occupy Chicago Protesters: 'We Are The 1 Percent' [HP]
$$$ All the banks have made progress based on guidance from regulators, the Fed said today in Washington in a report based on appraisals that began in late 2009. “Yet every firm also needs to do more” in reforming compensation practices that “were a contributing factor to the financial crisis,” policy makers said. [Bloomberg]
$$$ Michael Lewis: "The way the big firms meddled in the legislation to reform the financial industry after the crisis drives me batty. I don’t think they should have had any place at that table, and they manipulated the legislation in ways that are not good for the rest of us." [BW]
$$$ Dick Bové has a message for "Bubba the Love Sponge" [PDF]
$$$Bill Ackman sees too much 'brain damage' in HP [Bloomberg]
$$$Occupy Toronto leaderless, unfocused but hopeful [Star]
$$$ "My name is Dylan [Ratigan]. I think you people are crazy. I love the way you communicate....For 15 years I worked as a financial services professional. I can't believe I'm here talking to you. I'm here because I agree with you. I made the decision three years ago to leave the financial services industry. I did that because it was clear that the financial services industry was purchasing both political parties." [YouTube]