Write-Offs: 02.24.12
$$$Bonus cuts hide bigger problem for investment banks [FT]
$$$Newsletter Flagged Possible 'Japanese Madoff' in 2009 [WSJ]
$$$Gray in position to succeed Schwarzman [FT]
$$$ Apple would like to break the law of large numbers, for very loose definitions of "the law of large numbers" (or very strong forms of EMH?) [NYT]
$$$ BREAKING: Jim Chanos eats bread [BI]
$$$ Lenny Dykstra can go to Gary Carter's funeral [NYP]
$$$Kenneth Cole Offers to Take His Company Private [DealBook]
$$$ Republican congressmen would prefer higher unemployment [Reuters]
$$$Make losses and prosper, AIG edition [FTAV]
$$$ Financial crisis is making fat cats less fat. By half an inch. [CNBC]
$$$A marriage between the structural practicalities of floating oil rigs (which can weather rough seas by rising above them), and the aesthetic tastes of Ernst Stavro Blofeld, yacht islands promise a level of aquatic decadence only the most outrageous oligarch could afford. [Bloomberg]