Write-Offs: 05.14.12 - Dealbreaker

Write-Offs: 05.14.12

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: May 14, 2012

$$$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]

$$$ Greek left attacks ‘barbarous’ austerity [FT] $$$ Facebook Facebook Facebook Facebook [WSJ/FT/CNBC/Reuters] $$$ Freddie Mac Chooses CEO [WSJ] $$$ After McClendon's trades, Chesapeake board gave blessing [Reuters] $$$ Tim Sykes is still doing things [BetaBeat, earlier] $$$ "A bank robbery, in our imagination, provides the robber with a one-off high-risk opportunity to become incredibly wealthy, in comparatively guilt-free fashion: No one but the corporation loses any money, so, what the fuck? That used to be the case, but due to inflation — as well as a host of other factors — it no longer is." [The Billfold] $$$ CIBC Global Asset Management is looking for a high yield VP in Toronto [DBCC] $$$ House Republicans are complaining that the Fed is helping the economy too much, causing House Republicans not to want to help the economy [Real Time Economics] $$$ Could a Stock ETF Cloak Its Portfolio? [WSJ] $$$ Green Mountain Chairman Replaced After Stock Sales [WSJ] $$$ Nomura is growing headcount [Bloomberg] $$$ “It lived alongside our ancestors, and it probably ate them,” said Christopher Brochu, an associate professor of geoscience at the University of Iowa and a study author. “We don’t actually have fossil human remains with croc bites, but the crocs were bigger than today’s crocodiles, and we were smaller, so there probably wasn’t much biting involved.” [Bloomberg]

$$$ Jack Lew sworn in as Treasury secretary [Reuters] $$$ JPMorgan CEO Dimon: 'We Need a Big Plan' [FBN] $$$ Hedge fund in 'Whale' trade tried to poach JPM employees [Reuters] $$$ JPMorgan Traders Lost on 41 Days as ‘London Whale’ Unwinds [Bloomberg] $$$ "After four and a half intense and wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family. Just kidding - I was fired today." [CT] $$$ Telepathic rats solve problems together [FT] $$$ A major investment bank is looking for a sector coverage head for Food/Consumer/Retail commercial banking [DBCC] $$$ Bank of China Eyes Expansion Into U.S. Securitization [WSJ] $$$ US watchdog set to weaken derivatives rules [FT] $$$ Girls Gone Wild is bankrupt [NetNet / John Carney] $$$ Regional jets really suck [WSJ] $$$ Maxine Waters: 'Over 170 Million Jobs Could Be Lost' Due To Sequestration [YouTube]

Aubrey McClendon dead in car crash; Goldman to drop bid on Russian bond deal; Father of modern IPO retires; Farmer Uses Manure To Spell Out 'No Trump'; and more.