September 27, 2021

Write-Offs: 05.18.12

$$$ G8 leaders urged to focus talks on growth [FT] $$$ JPMorgan Returned $168M To MF Global, Trustee Says [Bloomberg] $$$ Chesapeake Cuts Board Compensation [WSJ] $$$ Ben Horowitz: MBAs aren't as bad as everyone thinks [PandoDaily] $$$ Bloomberg TV's Matt Miller vents about Nasdaq FB glitches to NYSE traders [Bloomberg TV] $$$ Boston radio talk show host Howie Carr released evidence that appears to confirm [Elizabeth] Warren may have plagiarized at least three of the five recipes she submitted to the 1984 Pow Wow Chow cookbook edited by her cousin Candy Rowsey. Two of the possibly plagiarized recipes, said in the Pow Wow Chow cookbook to have been passed down through generations of Oklahoma Native American members of the Cherokee tribe, are described in a New York Times News Service story as originating at Le Pavilion, a fabulously expensive French restaurant in Manhattan. The dishes were said to be particular favorites of the Duke and Duchess of Windsor and Cole Porter. The two recipes, "Cold Omelets with Crab Meat" and "Crab with Tomato Mayonnaise Dressing," appear in an article titled “Cold Omelets with Crab Meat,” written by Pierre Franey of the New York Times News Service that was published in the August 22, 1979 edition of the Virgin Islands Daily News ... [Breitbart via DI] $$$ Morgan Stanley is looking for a VP in Global Regulatory Policy in New York [DBCC] $$$ JPMorgan to be haunted by change in risk model [Reuters] $$$ JPMorgan unit has $100bn of risky bonds [FT] $$$ Galleon prosecutor aims to cement legacy in U.S. Gupta trial $$$ The government should fine the hell out of Rajat Gupta instead of criminally prosecuting him [Slate] $$$ Cannibal allowed to leave mental hospital for a stroll, just four years after he beheaded and ate sleeping bus passenger [Daily Mail]
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$$$G8 leaders urged to focus talks on growth [FT]

$$$JPMorgan Returned $168M To MF Global, Trustee Says [Bloomberg]

$$$Chesapeake Cuts Board Compensation [WSJ]

$$$ Ben Horowitz: MBAs aren't as bad as everyone thinks [PandoDaily]

$$$ Bloomberg TV's Matt Miller vents about Nasdaq FB glitches to NYSE traders [Bloomberg TV]

$$$Boston radio talk show host Howie Carr released evidence that appears to confirm [Elizabeth] Warren may have plagiarized at least three of the five recipes she submitted to the 1984 Pow Wow Chow cookbook edited by her cousin Candy Rowsey. Two of the possibly plagiarized recipes, said in the Pow Wow Chow cookbook to have been passed down through generations of Oklahoma Native American members of the Cherokee tribe, are described in a New York Times News Service story as originating at Le Pavilion, a fabulously expensive French restaurant in Manhattan. The dishes were said to be particular favorites of the Duke and Duchess of Windsor and Cole Porter. The two recipes, "Cold Omelets with Crab Meat" and "Crab with Tomato Mayonnaise Dressing," appear in an article titled “Cold Omelets with Crab Meat,” written by Pierre Franey of the New York Times News Service that was published in the August 22, 1979 edition of the Virgin Islands Daily News ... [Breitbart via DI]

$$$ Morgan Stanley is looking for a VP in Global Regulatory Policy in New York [DBCC]

$$$JPMorgan to be haunted by change in risk model [Reuters]

$$$JPMorgan unit has $100bn of risky bonds [FT]

$$$Galleon prosecutor aims to cement legacy in U.S. Gupta trial

$$$The government should fine the hell out of Rajat Gupta instead of criminally prosecuting him [Slate]

$$$Cannibal allowed to leave mental hospital for a stroll, just four years after he beheaded and ate sleeping bus passenger [Daily Mail]

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Write-Offs: 06.13.12

$$$ Spain rating slashed 3 notches by Moody's [Reuters] $$$ Citigroup was once worse than it is now [Bloomberg] $$$ Gupta Prosecutors Draw ‘Secret Pipeline’ Pattern; Defense Asks, ‘Where’s the Beef?’ [DealBook] $$$ JPMorgan doomsday scenario revealed [FT, FTAV] $$$ Large Institutions Discuss New Marketplace for Bonds [WSJ] $$$ George W. Bush’s decapitated head appeared on Game of Thrones [io9] $$$ Lombard Street Research is looking for a senior institutional sales executive in New York [DBCC] $$$ Crédit Agricole Girds Greek Unit for Greece Euro Exit [WSJ] $$$ Two PMs leave Taconic to form value equity shop [AR] $$$ Should lawyers have stopped the London Whale? [ATL] $$$ Endless QE? $6 trillion and counting [Reuters] $$$ Cops: Man on drugs rammed Stamford police cruisers [Stamford Advocate]

Write-Offs

Write-Offs: 07.05.12

$$$ Greece drops demand to ease bailout terms [FT] $$$ The NYSE Gets Its Very Own Dark Pool [MarketBeat] $$$ The Strange Takeover Limbo of CVR [DealBook] $$$ Countrywide won influence by giving House members discounts, report says [AP] $$$ Jon Ronson talks to rich people, middle-class people, and poor people [GQ] $$$ The guy who finished ahead of David Einhorn in the $1mm buy-in One Drop poker tournament was beaten up shortly afterwards [Poker News Daily] $$$ A German university is suing a business student for lost income because he finished his bachelors and masters degrees in only 20 months [UPI] $$$ A top institution is looking for a VP level structured credit trader in New York [DBCC] $$$ Euro the big loser after central banks intervene [FT] $$$ Irish Bill Sale Marks End Of Drought As Spain Yields Rise [Bloomberg] $$$ Why not have variable-rate mortgages with fixed payments but variable amortization periods? [American Banker] $$$ Traded assets are more volatile than non-traded assets, NGDP targeting edition [Noahpinion] $$$ Alphonse "Buddy" Fletcher's wife is the Kleiner Perkins partner suing them for gender discrimination [Term Sheet] $$$ An Alternative Living Will for Banks [Paperwell]

Write-Offs

Write-Offs: 06.15.12

$$$ Hopes for central bank action mount [FT] $$$ Mohamed El-Erian: "There is only so much central banks can do" [FT] $$$ Got Cash in Greek Banks? Don't Pull It! [NetNet] $$$ Hedge fund closures hit 2-year high in 1st quarter [Reuters] $$$ A "driven, even obsessive entrepreneur with a proclivity for micromanagement" who is unlikely to take his company public [NYTM] $$$ Also, bath salts [Spin] $$$ "Looking like Jesus can have a very powerful effect on people. When I appeared on stage as Jesus for the first time, a man saw me and collapsed into tears. Looking like this in daily life can be interesting. When I go into bars, for example, I always see people nudging each other. Invariably someone will come up to me with a bottle of water and ask me to turn it into wine. That happens a lot. I was on a date once in a wine bar, and we ended up with three tables joined together with everyone wanting to re-enact the Last Supper using the wine and the bread. It was strange, but fortunately the girl I was with thought it was fun." [FT] $$$ MetLife is looking for an associate director level credit derivatives trader in New Jersey [DBCC] $$$ In Motion, Facebook Lays Out Defense and Highlights Nasdaq’s Missteps [DealBook] $$$ Gupta Jurors Saw American Dream and Convicted [Bloomberg] $$$ The JPMorgan Whale’s regulatory motive [FTAV] $$$ "Can We Watch Some European Football Please?" asks Jim O'Neill [GSAM] $$$ The NFL will let fans pay for All-22 footage [WSJ] $$$ For one protester, 'Occupy' becomes a way of life [Reuters]

Write-Offs

Write-Offs: 12.07.12

$$$ Goldman Fined for Failing to Block Trader’s $8.3 Billion Bet [Bloomberg] $$$ Key SEC Holdout in Money-Fund Overhaul Reverses Stance [WSJ] $$$ Canada Approves Cnooc-Nexen Deal [WSJ] $$$ JPMorgan nears £500m bonus tax deal [FT] $$$ Rant: At Top Law Firms, a Class Conflict During Bonus Season [BBW / Elie Mystal] $$$ Lloyd bought a house [DealBook] $$$ The 200 West Street Goldman cafeteria (1) is really very good, (2) features food from a former banker [DealBook] $$$ 100 Women in Hedge Funds names Ivanka Trump to its board, consists of 10,000 women, mostly not in hedge funds [AR] $$$ UBS is looking for a credit officer for securities backed lending in New Jersey [DBCC] $$$ Morgan Stanley's 2013 adviser pay to reward new loans [Reuters] $$$ Brokers Must Disclose Bonuses to Clients in Finra Proposal [Bloomberg] $$$ "It’s always a mistake to use microeconomic intuition in macro," quantitative easing edition [Scott Sumner] $$$ Whale’s Trade in Comeback as Junk Fervor Fades [Bloomberg] $$$ "If Harvard wishes to retain its primary existence as a gigantic profit-maximizing hedge fund ..." [American Conservative via John Carney] $$$ Ivy League Cracks Down as Students Spiral Out of Control [Bloomberg] $$$ "I am tired of fooling around, he said. I’m forming a legal team. We have case studies, an office outside Lexington. He swept the strips off the table and held the beak in the air. We’re looking for a poet to write our anthem!" [The Awl]

Write-Offs

Write-Offs: 05.25.12

$$$ Spain to inject up to €19bn into Bankia [FT] $$$ New Democracy, Syriza Tied In Greek Race For First, Poll Says [Bloomberg] $$$ "Banks get to play a fun game every quarter that could be called Guess the Value of Your Assets! JPMorgan Chase plays it more than its peers." [DealBook] $$$ "This study proposes a novel framework for capital regulation that addresses banks’ incentives to take on excessive risk and leverage. The framework consists of a special capital account in addition to a core capital requirement. The special account would accrue to a bank’s shareholders as long as the bank is solvent, but would pass to the bank’s regulators — rather than its creditors — if the bank fails." [FRBNY] $$$ "Barry also had a knack for interceptions. When a joint was making the rounds, he often elbowed his way in, out of turn, shouted "Intercepted!," and took an extra hit. No one seemed to mind." [DI] $$$ That’s it for us today. We’re off Monday for the holiday, enjoy the long weekend and see you on Tuesday! $$$ Fortress Investment Group is looking for a treasury analyst in San Francisco [DBCC] $$$ Marc Faber: 100% Chance of Global Recession [CNBC!] $$$ Prosecutors gain early edge in Raj Gupta trial [Breakingviews] $$$ Despite Doubts, Lehman Charges Still Possible [DealBook] $$$ "A penguin on the run from a Tokyo aquarium since early March was adjusting to life back on the inside yesterday after being recaptured on a riverbank. The Humboldt penguin, one of 135 kept at Tokyo Sea Life Park, was recaptured after 82 days of freedom that had even seen it outwit Japan’s well-resourced coast guard. ... The hunt for the bird, which the aquarium said did not have a name, began in early March after it was spotted bathing in a river that runs into Tokyo Bay. Keepers believe the creature made its break for freedom after being startled into climbing over a rock twice its size." [AFP]

Write-Offs

Write-Offs: 03.01.13

$$$ Here's Warren Buffett's shareholder letter [BRK/A] $$$ JPMorgan No. 1 Investment Bank Amid a Flurry of New Deals [Bloomberg] $$$ Goldman Sachs trims risk-taking to lowest level in 7 years [Reuters] $$$ Look Out, Wall Street: The Goldman Sachs Partners Ball Is Back [DI] $$$ Groupon CEO Andrew Mason's severance: $378.36 [CNN] $$$ An investment bank is looking for a head of investment advisory compliance in New York [DBCC] $$$ SecondMarket to Launch Student-Loan Securities Platform [WSJ] $$$ Give us a formula, Argentina [FTAV] $$$ MBIA flags 'going concern' doubts, liquidation risk for unit [Reuters] $$$ New York Men Looking for Sequester Sex on Craigslist [DI]

Write-Offs

Write-Offs: 12.06.12

$$$ IIF Bank Group: Greek Debt Buyback Likely To Reach Target [WSJ] $$$ Doing the Shareholder Sidestep [DealBook] $$$ Netflix CEO Hastings Faces SEC Action Over Facebook Post [Bloomberg] $$$ Rush to set up ‘ultra-short’ bond funds [FT] $$$ Bain leads private equity firms in use of low-tax payouts [Reuters] $$$ Financial Times Discovers Hip-Hop Slang From Last Century [DI] $$$ A multi-billion-dollar asset management firm is looking for a quantitative execution junior equities trader in New York [DBCC] $$$ Partners’ Stake in Goldman Sachs Rises [DealBook] $$$ Defaulted Bondholders Undeterred as Gains Hold [Bloomberg] $$$ Will JPMorgan's 'Jes' Staley Jump Ship? [CNBC] $$$ Brooklyn couple makes breakup video to announce split to their friends [NYDN via Kevin Roose] $$$ Snoop [Lion] Asked Himself a Question About His Own Weed Habits on Reddit [NYO]

Write-Offs

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]