September 16, 2021

Write-Offs: 03.27.12

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$$$Goldman, Union Compromise on Blankfein's Dual Roles

$$$Bernanke Says ‘Early to Declare Victory’ on U.S. Recovery

$$$ Mitt Romney's California beach house has an elevator for his cars [Politico]

$$$ Pimping vs. big pimping vs. aggravated pimping [ATL]

$$$Madrid’s high-class escorts have found a way to regulate the Spanish banking sector. The ladies want to have their say in the economy by withholding sexual pleasures from bank employees. The largest trade association for luxury escorts in the Spanish capital has gone on a general and indefinite strike on sexual services for bankers until they go back to providing credits to Spanish families, small- and medium-size enterprises and companies. [RT]

$$$ Interested in being a real estate analyst at Fortress? [DBCC]

$$$Deflating your way out of debt, 18th century style [Crooked Timber]

$$$Does My Generation of Women Not Want a Raise? [Zocalo]

$$$ Vogue editor / German princess likes boar hunting, dancing, blogging [Fashionista]

$$$A JetBlue flight from New York to Las Vegas was forced to land in Texas Tuesday after the pilot flipped out and reportedly told passengers to “say your prayers.” ... A passenger in the third row told the Amarillo Globe-News that the pilot appeared to have a panic attack leaving the cockpit, ranting about bombs on the plane and urging pilots to throttle back the engines. A witness told Fox 5 News the pilot was in the cabin trying to storm the cockpit. “I saw a guy wearing a pilot's uniform run down the aisle screaming and yelling and banging on the cockpit door to let him in,” the witness said. The witness said the man was screaming, "Say your prayers! Say your prayers!" [NYDN]

$$$I know a guy, a serious reporter and a grown adult, who, when he finds out that people have unfollowed him, blocks each and every one of them permanently, as a matter of course. It’s genius! I don’t really know why he uses Twitter in this way, it’s not my cup of tea (I just follow people who amuse, interest or inform me, no matter if they care about me or not), but I think it’s terrific! Making people DEAD TO YOU is so important. [The Awl via Felix Salmon]

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$$$ European Economic Outlook Dims Amid Leaders’ Impasse [NYT] $$$ U.S. Bank Lending Falls, Profits Rise [WSJ] $$$ Buffett’s Goldman Deal Is Topic in an Insider Case [DealBook] $$$ Study Finds Germans Incapable of Enjoying Life [Der Spiegel] $$$ This happened: New York nun asks Blankfein if he'll hire her, Blankfein says "I don't think I couldoutbid your current employer" #godswork— Tracy Alloway (@tracyalloway) May 24, 2012 $$$ Man who formerly claimed to be a "certified member of the quiet society of pimps" and asked to be certified as an expert witness in pimpology now says "I was a failure as a pimp. I was a much better car salesman, I was a much better telemarketer, I was much better when I was selling mortgages by phone. I really wasn't very good at it. A lot of it was exaggerated." [NYP, earlier] $$$ A leading electronic trading platform is looking for a CDS / fixed income sales associate [DBCC] $$$ Big European funds dump euro assets [FT] $$$ Facebook market makers' losses total at least $100 million [Reuters] $$$ This is some enjoyable Eliot Spitzer schadenfreude [Concurring Opinions] $$$ "The festival features 10 different types of bacon, plus all things bacon — bacon sausage, bacon meatballs, bacon doughnuts, bacon butterscotch cupcakes — even a walking slab of bacon! There’s a bacon-eating contest, bacon lectures and a bacon song contest — and yes, there’s a crowning of the Bacon Queen! Contestants are asked questions like their favorite memory of bacon, their favorite kind of bacon and their favorite way to cook bacon (the most common answer is “naked,” incidentally)." [CNBC] $$$ Unabomber lists self as ‘prisoner’ in Harvard directory [Boston Globe]

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Write-Offs: 12.02.11

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Write-Offs: 01.10.13

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Write-Offs: 05.17.12

$$$ Santander, BBVA Among Spanish Banks Downgraded By Moody’s [Bloomberg] $$$ Spain denies bank run reports [FT] $$$ Big banks need extra $566bn, says Fitch [FT, FTAV] $$$ Icahn Takeover of CVR Gets Support From 55% of Holders [Bloomberg] $$$ JPMorgan's Dimon says will testify before Congress [Reuters] $$$ Occupy Wall Street is staging an intervention with Jamie Dimon [NC] $$$ BlackRock is looking for a performance analyst in Princeton [DBCC] $$$ At CME, an Uproar Over Trading Hours [WSJ] $$$ SEC Probes Role of Hedge Fund in CDOs [WSJ] $$$ Which Biglaw Firm Accidentally Released Embarrassing, Unredacted Documents About Goldman Sachs? [ATL] $$$ Floyd Norris: "For market makers, who may buy unwanted securities that customers want to sell, hedging may be wise and prudent. But it will also be short term, until the bank trades out of whatever position it took on in the course of making the market. But if banks hedge long-term investments, as JPMorgan evidently did, the hedge is also likely to be long term. It will consist of buying something that, in normal times, should move in the opposite direction of their investment. The result is that they will be making convergence trades that are indistinguishable from what Long Term Capital Management did. Given the size of the big banks, they will have to do so in huge volumes that can come back to haunt them if markets move the wrong way." [NYT] $$$ The Boldface Names on the Witness List for Gupta’s Trial includes Lloyd Blankfein, Gary Cohn, Ken Chenault, Raj Rajaratnam, James Barnacle, and Adam Smith [DealBook]

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Write-Offs: 07.13.12

$$$ U.S. investigates whether JPMorgan traders hid losses [Reuters] $$$ Was JPMorgan's restatement actually an elaborate plot to get Ina Drew's comp clawed back? No? [Felix Salmon] $$$ Fed May Need To Begin New Asset Purchases, Lockhart Says [Bloomberg] $$$ Ex-Mets star Dykstra pleads guilty in bankruptcy fraud case [NYP] $$$ "You have to sit there in silence, and you just get up every day and beat your head against the wall," but for that (and ratting out Countrywide) they'll pay you $14.5 million [Reuters] $$$ Q&A: The Gourmand Behind New York's $666 'Douche Burger' [BW] $$$ Deutsche Bank is looking for a VP-level Group Finance COO business manager [DBCC] $$$ Spanish Bank Borrowing from ECB Surges [WSJ] $$$ Italy sells debt despite downgrade [FT] $$$ Visa, MasterCard in $6 Billion Settlement Over Surcharges [WSJ] $$$ Wealthy Homeowners Brace for 'Mansion Cliff' [CNBC!] $$$ Attention Cable and Satellite Subscribers: This Network Is Being Dropped Because Your Provider Is Being a Giant Douche [McSweeney's]

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Write-Offs: 09.18.13