Write-Offs: 12.15.11
$$$ Burton Malkiel on Emanuel Derman: "While quantum electrodynamics is a genuine theory of all reality, financial models are only mediocre metaphors for a part of it." [WSJ]
$$$ Corzine: “I don’t know how to respond to something that someone said to somebody else to somebody else that is unidentified.” Just like that! [FT]
$$$Peak credit, peak vol, peak corr [Aleph Blog, PragCap, WSJ]
$$$ Prosecutors think Allen Stanford is faking amnesia [CNBC]
$$$ Credit Suisse marks its two-weeker policy to market [Marketplace]
$$$Zynga IPO prices at $10 a share, top end of range [IFR]
$$$Fitch Downgrades a Bunch of Banks, Including Bank of America and Goldman [MarketBeat]
$$$ Some people think European banks are insolvent [Bloomberg, ZH/Bloomberg TV]
$$$ Retiring Goldman Sachs head of sponsors coverage Milton Berlinski is a bad at skiing, awesome at sucking up to clients [Bloomberg]
$$$ SORRY WORLD LEADERS: if you don’t email Henry Blodget soon, you won't be on his slideshow of Davos vacation pictures [BI]
$$$Should you fuck Tim Tebow? [Jezebel]