Write-Offs: 12.07.11

$$$ European banks are next on S&P's list [Reuters]

$$$ Someone tried to blow up Josef Ackerman [Reuters]

$$$ Morgan Stanley's farewell party for John Mack [NetNet]

$$$A supporter of President Barack Obama, [Jim] Chanos also wondered why so many of his peers are critical of the president: "I keep asking my hedge fund compatriots, 'How bad has your life under Obama really been?'" [FINalternatives]

$$$ Michael Moore: "Wall Street already has their man and his name is Barack Obama" [Real Clear Politics]

$$$ Jamie Dimon: "Acting like everyone who's been successful is bad and that everyone who is rich is bad — I just don't get it." [CNBC]

$$$Merrill Lynch to Pay $315 Million to Settle Mortgage-Loans Lawsuit [WSJ]

$$$On The Benefits of Niche Specialization for Analysts [Distressed Debt Investing]

$$$ A Family Guy writer's Occupy LA arrest [My Occupy LA Arrest]

$$$ Occupy Wall Street occupies Lloyd Blankfein's old neighborhood [NYM]