Write-Offs: 12.01.2011
$$$Draghi hints at eurozone aid plan [FT]
$$$While Europe's economic problems are real, what imperils the Eurozone is a mostly political crisis, in which Germany and the ECB are threatening to permit armageddon unless their policy agenda is implemented. This is, in other words, Europe's debt ceiling. The Eurozone is facing an unimaginable economic catastrophe, but the players with the power to avoid it will only do so if their demands are met. [Ezra Klein]
$$$ The "Boiler Room Legalisation Act of 2011" [FT]
$$$ Elliott Spitzer wishes he could still arrest people [Slate]
$$$ If you ever need to find Jon Corzine, try his apartment [@CGasparino, earlier]
$$$Ben Bernanke In A Humvee: Why The Fed Bailed Out Europe [Marketplace]
$$$Ten Years Later, Some Press a Different View of Enron [CNBC]
$$$Coke said it became aware of consumer complaints through Internet postings and some telephone calls to the company. Many Internet comments have been critical of the white cans. "PEOPLE! Don't be a victim,'' wrote one consumer on Twitter, warning that mixing up Coke and Diet Coke is "a SHOCK to the palate!'' [WSJ]
$$$Kyle Bass: The psychology of the situation is crucial to understanding why and how the gap between perception and reality can be so large. Participants haven't contemplated hard defaults (until most recently) because they have been so conditioned to believe they can not occur because it is against the interests of too many powerful parties. [AR]
$$$ This 23-year old finance professional is an excellent cuddler, seeks girlfriend for the holidays [Here Is The City]
