Write-Offs: 02.06.12

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Feb 6, 2012

$$$Greece bail-out funds could be split [FT]

$$$Greece to Eliminate 15,000 Government Jobs [NYT]

$$$Stock gains turn hedge fund losers into winners [Reuters]

$$$Some Europe Banks Shun ECB Loans [WSJ]

$$$Hedge Fund Manager Releases Sex Tape And Sues Beauty Queen For Kidnap And Torture [BI]

$$$ "After surprisingly successful financial reform, public vilification, and politics that have turned against them, the Masters of the Universe are masters no longer." [NYMag]

$$$For Sale: AIG's Subprime Bonds [WSJ]

$$$BofA, JPMorgan, Wells Fargo Said to Make New Demand for Foreclosure Accord [Bloomberg]

$$$ A small possibility exists of an investor not putting in an order in the Facebook IPO [Reuters]

$$$Wall Street CEO takes rare lead on social issue [MarketPlace]

$$$ How brokers will sell the Facebook IPO (note: Facebook shares aren't what they're selling) [Reformed Broker]

$$$Study links low intelligence with right-wing beliefs [Globe and Mail]

$$$“At UBS we promote a corporate culture that adheres to the highest ethical standards across all areas of our business. Our commitment to excellence in all we do, combined with a desire to understand and fulfil our clients’ requirements translates into our client dining experience. That is why, where possible, our menus are crafted from the finest seasonal produce which is ethically sourced, organic and unsurpassed in quality and value. Just like our business.”How could you possibly object to that? [FT]

$$$ Athens faces tough bail-out terms [FT] $$$ ECB to Exchange Greek Bonds [WSJ] $$$ I give up, what would you do about Greece? [Crooked Timber] $$$ Yelp Sets Terms for March IPO [WSJ, possibly related] $$$ Goldman hires Harvard students because Harvard is bad at educating them [Bloomberg / Ezra Klein, possibly related] $$$ Australia's richest person wrote the universe's worst poem ("Develop North Australia, embrace multiculturalism and welcome short term foreign workers to our shores / To benefit from the export of our minerals and ores" etc.) [Telegraph via The Jane Dough] $$$ You could be a Credit Risk Senior Analyst at Genworth in Stamford [eFinancialCareers] $$$ Icahn Offers to Buy CVR Energy in at Least $2.6 Billion Deal [Bloomberg] $$$ The SEC raised the qualifications for being charged 2 and 20 [SEC] $$$ Merrill brokers are fine selling bad advice but draw the line at selling BofA banking services [Reuters / Felix Salmon] $$$ Welcome to six months ago Art Cashin. Some tips: buy NFLX; don't take any Tuscan cruises. [MarketBeat] $$$ Former U.S. Vice President Al Gore wants to end the default practice of quarterly earnings guidance and explore issuing loyalty-driven securities as part of an overhaul of capitalism which he says has turned many of the world's largest economies into hotbeds of irresponsible short-term investment. [Reuters] $$$ Toddler Rescued From Inside Claw Game [ABC]

$$$ Brussels signals easing of fiscal rules [FT] $$$ Treasury Announces Public Offering of AIG Common Stock [Treasury] $$$ AIG is buying structured credit products for yield, what could possibly go wrong? [Bloomberg] $$$ Berkshire Profit Doubles on Insurance Results, Derivatives [Bloomberg] $$$ Bloomberg News correspondent enjoys popcorn with truffle oil, baths, Polish zloties [The Billfold] $$$ How would you like to be a strategy andmanagement associate at a $10bn+ hedge fund? [DBCC] $$$ Goldman Takes Steps to Protect Bond Turf [WSJ] $$$ BofA never loses money [FTAV] $$$ Is lying a little on your resume bad? Experts debate. [DealBook] $$$ Is Wall Street Hustling Facebook? [NetNet / John Carney] $$$ Yngve Slyngstad is mad about Greece [FT] $$$ Pythons Swallow Whole Deer in Florida, $6 Million Tab [Bloomberg] $$$ MCA, RIP [RS]

$$$ Geithner: Ready to Go Over 'Cliff' If Taxes Don't Rise [CNBC] $$$ Republicans weigh swallowing tax hike on the wealthy [Reuters] $$$ SEC's Top Markets Official to Leave [WSJ] $$$ Wells Fargo Banker Sued by SEC in Probe of Insider Trading [Bloomberg] $$$ Paulson Says Real-Estate Fund Performing Well [WSJ] $$$ John McAfee Seeks Asylum, Thanks God for 'Sanity' [ABC] $$$ A Chicago-based proprietary trading firm is looking to hire a quantitative futures analyst/trader [DBCC] $$$ Facebook To Join QQQ’s Index Dec. 12 [IndexUniverse] $$$ Nasdaq attorney calls on SEC to review proxy rules [Reuters] $$$ Europe bond market set for holdout reform [FT] $$$ Will Citi's Massive Layoffs Be Enough? [CNBC] $$$ Man Shoots Girlfriend in the Back for Not Taking the Possibility of a Zombie Apocalypse Seriously [Gawker]

$$$ "Congratulations: you’ve now taken a business which was earning 5 per cent to negative 10 per cent. Well done! Now what’s your next trick?" - James Gorman [FT] $$$ Barclays Names McGee Top Americas Corporate and Investment Banker [DealBook] $$$ Viking and ValueAct have outperformed the market YTD, but the median hedge fund return through August is 4.13% [AR] $$$ Game Over: Dave & Buster’s Withdraws IPO [Deal Journal] $$$ "It was the third alligator found roaming free on Long Island in less than a week." [Newsday] $$$ A reader writes, "I know getting drunk and crashing cars into houses on Long Island has been a big fad this year so I figured I'd share." [Newsday, earlier] $$$ A European investment bank is looking for a junior rates trader in New York [DBCC] $$$ Deutsche Bank seen hardest hit by Liikanen reforms [Reuters] $$$ Hard money and the gerontocracy [Noahpinion] $$$ Barry Ritholtz is sick of all the people who are just in finance for the money [TBP] $$$ Gawker recaps a Hulk Hogan sex tape [Gawker] $$$ "But is having your head in a plush diver helmet simply too dorky for the workplace?" Possibly [BusinessWeek]

Shkreli witnesses worried about retaliation; Fannie Mae might need a bailout; IPO market dries up; French Restaurant Bans Bankers For Denying Owner Loan; and more.