Write-Offs: 05.14.12
$$$European leaders and financial markets braced for Greece exit from euro [Guardian]
$$$Ron Paul no longer campaigning in primaries [WaPo]
$$$ Facebook IPO books are closing tomorrow [Bloomberg]
$$$Groupon Beats Expectations on Domestic Growth, Lower Costs [CNBC]
$$$$ Recommended Whale reading:
- Is JPM already out of the whale trade? - part 1, part 2 [Peter Tchir]
- Just how do you lose $2bn on the whale trade? [FTAV / Lisa Pollack]
- Is the whale trade "proprietary" or "hedging" or should you not care? [Kid Dynamite]
- Put an umbrella on your umbrella and it turns into a bomb [NYT]
$$$ S&P is hiring a director for its ABS Surveillance team in New York [DBCC]
$$$Dow 100,000? One Analyst Says It May Happen [CNBC!]
$$$ Manmohan Singh doesn't like floating-rate Treasuries [VoxEU]
$$$Chesapeake confident on asset sales, shares rise [Reuters]
$$$Sharks circle McClendon's Chesapeake [Reuters]
$$$Ally’s Mortgage Unit, ResCap, Files for Bankruptcy [DealBook]
$$$Spanish banks eye four-way merger [FT]
$$$So-called 'King of All Pimps' sentenced to four years in prison [NYP]