Write-Offs: 04.30.12

$$$ Here are Dick Fuld's call logs from March through September of 2008. Tim Geithner, Hank Paulson, Lloyd Blankfein, Jamie Dimon, Ken Lewis, Rodge Cohen, Raj Rajaratnam ... [Jenner] $$$ The quants and derivatives traders of Occupy Wall Street [WaPo] $$$ Spain in talks over ‘bad bank’ scheme [FT] $$$ [@JeffMacke] $$$ Duke University grad doesn't want to waste her unique talents working on Wall Street, works in management consulting instead [DealBook, earlier] $$$ A leading M&A boutique is looking for a class of 2011 or 2010 FIG associate [DBCC] $$$ Large layoffs loom on Wall Street [Fortune] $$$ SEC Charges Mother, Daughter, and Their Attorney in Illegal Penny Stock Scheme [SEC] $$$ Barnes & Noble’s Nook Unit Is Worth More Than Its Parent Company [DealBook] $$$ “If mortgage REITs were not delivering to investors they would not be in a position to raise capital. Last I checked, the United States was still a capitalist country despite efforts to the contrary.” This quote from the CEO of mortgage REIT Annaly is not encouraging [Bloomberg] $$$ "But the debate between Krugman and Paul on Bloomberg TV this afternoon was more awkward than awesome, like a special episode of the Sopranos with the character of Tobias Funke." [DI] $$$ This novel by a former Lehman MD begins "The weight of the cufflinks was palpable." [Fiction Studio]
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$$$Here are Dick Fuld's call logs from March through September of 2008. Tim Geithner, Hank Paulson, Lloyd Blankfein, Jamie Dimon, Ken Lewis, Rodge Cohen, Raj Rajaratnam ... [Jenner]

$$$The quants and derivatives traders of Occupy Wall Street [WaPo]

$$$Spain in talks over ‘bad bank’ scheme [FT]

$$$ [@JeffMacke]

$$$ Duke University grad doesn't want to waste her unique talents working on Wall Street, works in management consulting instead [DealBook, earlier]

$$$ A leading M&A boutique is looking for a class of 2011 or 2010 FIG associate [DBCC]

$$$Large layoffs loom on Wall Street [Fortune]

$$$SEC Charges Mother, Daughter, and Their Attorney in Illegal Penny Stock Scheme [SEC]

$$$Barnes & Noble’s Nook Unit Is Worth More Than Its Parent Company [DealBook]

$$$ “If mortgage REITs were not delivering to investors they would not be in a position to raise capital. Last I checked, the United States was still a capitalist country despite efforts to the contrary.” This quote from the CEO of mortgage REIT Annaly is not encouraging [Bloomberg]

$$$ "But the debate between Krugman and Paul on Bloomberg TV this afternoon was more awkward than awesome, like a special episode of the Sopranos with the character of Tobias Funke." [DI]

$$$ This novel by a former Lehman MD begins "The weight of the cufflinks was palpable." [Fiction Studio]

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Write-Offs: 09.27.12

$$$ Banks’ M&A earnings drop to Lehman low [FT] $$$ Spain's crisis budget aims at spending cuts not tax rises [Reuters] $$$ There isn't really a Spanish deposit flight [FTAV] $$$ SEC Charges Investment Bank Analyst with Illegally Tipping College Friend About Nonpublic Merger Deals [SEC] $$$ Lawyer for Ex-Goldman Programmer Criticizes Prosecutors and Firm [DealBook] $$$ "Hedge Fund Pivot Joins BTG to Defy Bacon’s Investment Desert" is a real Bloomberg headline [Bloomberg] $$$ Canada cheese-smuggling ring busted [BBC] $$$ TCW is looking for a credit analyst in LA [DBCC] $$$ RIM's Earnings Beat Expectations; Shares Up 16% [WSJ] $$$ Geithner Urges an Overhaul of Rules on Money Market Funds [DealBook] $$$ SEC’s Gallagher Calls for Floating Price for Money Market Funds [Bloomberg] $$$ Mortgage rates are at all-time lows [CR] $$$ Houses on "Places" cost more than houses on "Streets" [Atlantic Cities] $$$ This happened [Twitter]

Write-Offs: 05.21.12

$$$ J.P. Morgan Suspends Share Buyback [WSJ] $$$ Bank of America's CEO 'Comfortable' With Investments [CNBC] $$$ Gupta ‘Threw Away His Duties,’ Prosecutor Says In Opening [Bloomberg] $$$ France, Germany Fail to Resolve Differences Over Euro Bonds [WSJ] $$$ U.S. lets China bypass Wall Street for Treasury orders [Reuters] $$$ MF Global's Corzine Got More Than $8 Million in Year Before Collapse [WSJ] $$$ S&P is looking for an associate to rate media and entertainment companies in Chicago - interested? [DBCC] $$$ "On average, for every additional 1% a company returned to shareholders between 2009 and 2011, the CEO was paid 0.6% more last year, the analysis found. For every 1% decline in shareholder return, the CEO was paid 0.6% less. ... In 2010, there was no correlation; for every 1% decrease in shareholder return, the average CEO was paid 0.02% more." [WSJ]$$$ Enron Ex-CEO Seeks Retrial On ‘New Evidence,’ Lawyer Says [Bloomberg] $$$ SEC move set to boost covered bonds in US [FT] $$$ With New Firepower, S.E.C. Tracks Bigger Game [DealBook] $$$ The New York Times printed a giant Gretchen Morgenson story about insider trading except there was no insider trading [Reuters / Felix Salmon, also Reformed Broker] $$$ Taxi Panel May Raise Fares Up to 20% [NYT] $$$ Gal claims she was 'too hot' to work in lingerie shop, forced to wear robe before getting boot: suit [NYP]

Write-Offs: 08.28.12

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Write-Offs: 07.25.12

$$$ Schaeuble Declares Markets Wrong As Europe Heads To Vacation [Bloomberg] $$$ Don't Force Banks Into 'Draconian' Breakups: Whitney [CNBC] $$$ Morgan Stanley Stock May Be Worth $32 In Breakup, Mayo Says [Bloomberg] $$$ The Merkley plan to refinance underwater mortgages sounds pretty good [Reuters / Felix Salmon] $$$ Outspoken Analyst Kinnucan Pleads Guilty in Insider Case [WSJ] $$$ Man who rescued a 17-pound lobster "felt the nearly 100-year-old crustacean did not deserve to die with its parts soaked in butter. 'If he was 100, he saw World War I, World War II, man on the moon,' he said. 'Being in New England, he even saw the Red Sox win the World Series. So, he didn’t deserve the boiling water.'" [CBS] $$$ Due to recent regulatory requirements, a top bank in Charlotte is looking for a counterparty credit risk manager to be a Basel expert [DBCC] $$$ Libor scandal makes it more costly for bankers to get insured [Reuters] $$$ Europe Aims to Make Rate Manipulation a Criminal Offense [DealBook] $$$ Fund managers to lose securities lending profits [FT] $$$ The Securities and Exchange Commission drew sharp criticism from a federal judge who said they have failed to properly oversee a $55 million investor education fund created by a nearly decade-old settlement with Wall Street banks. The fund had been created as part of a roughly $1.5 billion regulatory accord in 2003 with Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co and other banks accused of publishing biased analyst research. U.S. District Judge William Pauley in Manhattan said the SEC has shown a "lack of oversight" and "indifference" toward how a nonprofit organization charged with distributing the money has been managed. ... Pauley pointed as an example to a two-year, $91,500 grant to the Genesee District Library in Flint, Michigan, that appeared to have resulted in just two events, one of which concerned "spending, sharing, and saving" for children ages two to five. "While there may be benefits to starting investor education early, toddlers seem beyond the pale," the judge wrote in an order issued Wednesday. [Reuters] $$$ Mitt Romney would restore 'Anglo-Saxon' relations between Britain and America [Telegraph]

Write-Offs: 04.08.13

$$$ J.C. Penney Ousts Ron Johnson, Rehires Myron Ullman [WSJ] $$$ Capital markets: Is Citi the new golden child of Wall Street? [Euromoney] $$$ White Confirmed as SEC Chairman [WSJ] $$$ A.I.G. Seeks to Bar Greenberg From Suing U.S. on Its Behalf [DealBook] $$$ David Stockman's dystopia [Fortune] $$$ Wrestling’s Private Equity Champion [DealBook] $$$ Google Glass Already Being Banned from Strip Clubs [BetaBeat] $$$ The Fine Line Between Political Intelligence and Insider Trading [DealBook] $$$ Hedge Funds Wagering on Fannie Reincarnation [Bloomberg] $$$ As Deadline Looms, Few Companies Sign Up to Trade Swaps [WSJ] $$$ Costs of derivatives clearing stack up for buy-side [Reuters] $$$ Volcker: Central banks are too aggressive [CNN] $$$ Market Crash Likelihood Goes Up If Stocks Continue to Rally: Marc Faber [CNBC] $$$ Science proves women like men with bigger penises [NBC]

Write-Offs: 02.27.13

$$$ Senate approves Lew as new Treasury chief [Reuters] $$$ J.C. Penney Posts Large Loss as Sales Sink Further [WSJ] $$$ Wall Street Junk Kings Selling Debt Poised to Lose Value [Bloomberg] $$$ Volcker Rule Could Be Delayed — Again [WSJ] $$$ Occupy the SEC is suing to force regulators to work faster on the Volcker Rule [Occupy the SEC] $$$ MBAs Assemble a Malm Bed from IKEA [YouTube / Wharton Follies] $$$ Citi Private Bank is looking for a senior taxable fixed income portfolio manager in Stamford [DBCC] $$$ Delaware Finds Reverse Triangular Mergers Aren't Assignments [Deal Lawyers] $$$ Calpers Claims Victory in Apple Vote That Didn’t Happen [Deal Journal] $$$ "If a bank's cost of funding went up idiosyncratically, the borrower got penalized. If a bank was suddenly considered a big credit risk, it's borrowers paid the premium." [NetNet / John Carney] $$$ 'Marijuana cannon' used to fire drugs over US border seized in Mexico [Guardian] $$$ Sallie Krawcheck: Going To An All-Girls School Was Tougher Than Working On Wall Street [The Jane Dough]

Write-Offs: 04.17.12

$$$ Buffett: My Succession Plans Have Not Changed [CNBC] $$$ Meredith Whitney upgraded Citigroup [MarketBeat] $$$ Should you worry that all the big banks are growing their assets? [DealBook] $$$ Canadian approached for top BoE job [FT] $$$ Sallie Krawchek: "I've thought a lot about the issue of stereotypes, particularly on Wall Street. I can't count the number of times I have seen men slam something on a table, even throw something. You sort of do a mental eye roll and move on. I can count on one hand — on one finger — the number of tantrums I've seen a woman have. As she was having it, I remember thinking to myself, Bitch." [Marie Claire] $$$ The Ira Sohn Investment Idea Contest seeks to identify a great investment idea to help benefit children with cancer. This year's contest will be judged by an incredible group including Michael Price, Bill Ackman, David Einhorn, Joel Greenblatt and Seth Klarman. The winner will be selected based on the judges’ determination of the most compelling investment idea submitted with a one-year horizon, and will then get to present their investment idea at the Ira Soch Investment Conference itself in May. $$$ Morgan Stanley is looking for a market risk regulatory capital vice president [DBCC] $$$ London Goes After Trading in Yuan [WSJ] $$$ Bank of America Said to Put Foreign Wealth Management Unit Up for Sale [DealBook] $$$ Derivatives Lobby Has U.S. Regulators on the Run [Bloomberg / Roger Lowenstein] $$$ "We are in a depression, but not because we don’t know how to remedy the problem. We are in a depression because it is our revealed preference, as a polity, not to remedy the problem. We are choosing continued depression because we prefer it to the alternatives." [Interfluidity] $$$ "A Michigan lottery winner was charged with fraud Tuesday for collecting food stamps and public health insurance despite pocketing a $735,000 jackpot."

Write-Offs: 03.22.13

$$$ Inside a Star Hedge Fund: Lots of Big Bets, Built Fast [WSJ] $$$ Fed pushes banks to ignore rivals when setting bonuses [Reuters] $$$ JPMorgan Board Backs CEO Dimon as Chairman, Pays Zames More [Bloomberg] $$$ The Senate Drafts the SEC's Case Against JPMorgan [BBW] $$$ "A J.P. Morgan Chase employee climbed onstage at a black-tie dinner held on Wall Street Thursday night and accepted an award on behalf of the embattled bank for 'best crisis management.' ... Kathy Hu, an executive director in J.P. Morgan’s investor relations department, accepted the award and quipped: 'Can I just say, "Crisis? What crisis?"' J.P. Morgan beat out nominees Chevron Corp., which struggled with a refinery fire last year, and St. Jude Medical Inc., which battled heart-device problems." [Deal Journal] $$$ Pope calls Argentine kiosk owner to cancel paper delivery [CNA] $$$ Hey, Let Harvard Alumni Have Their Fun This Morning [DI] $$$ Deutsche Bank mulls raising fixed pay to counter EU bonus rules [Reuters] $$$ Judges’ Spat Strikes a Chord Among Deal Makers [DealBook] $$$ "Now some distressed debt investors get to find out what exactly it is you buy when you buy American-issued debt in a company incorporated in the Cayman Islands and doing business in China. I suspect the answer will be 'not much.'" [DealBook] $$$ "Henry Blodget is, in all seriousness, an artist of the internet whose methods should be studied and analyzed for future generations." [Gawker] $$$ "Finally I should note that the rectal gonorrhoea is the reason for my odour." Investment research! [Bronte Capital]