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: 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]

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Write-Offs: 06.15.12

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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: 05.25.12

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Write-Offs

Write-Offs: 01.23.13

$$$ Goldman not negligent in arranging Dragon sale - jury [Reuters, earlier] $$$ Kashkari to Leave Pimco, Enter Politics [WSJ] $$$ Apple Earnings Top Forecast but Revenue Falls Short [CNBC] $$$ What Is Business Borrowing For? [Slack Wire] $$$ We Must Build An Enormous McWorld In Times Square, A Xanadu Representing A McDonald's From Every Nation [The Awl] $$$ A global financial firm is looking to add an experienced prepayment modeler to their quantitative team in New York [DBCC] $$$ KKR Agrees to Buy 25% Stake in Hedge Fund Nephila Capital [Bloomberg] $$$ Goldman seeks to block shareholder vote on independent chairman [Reuters] $$$ Pemex Snaps Mexico’s Bond Sale Drought With $2 Billion Offering [Bloomberg] $$$ ‘Inigo Montoya’ shirt upsets travelers, leads to awkward flight [Yahoo News]

Write-Offs

Write-Offs: 01.04.13

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Write-Offs

Write-Offs: 11.21.12

$$$ UBS’s Orcel Says Investment Bank Revamp Will Take Up to 5 Years [Bloomberg] $$$ American Banks Actually Are Lending Again — to Europe [NetNet] $$$ Brevan Howard on Hiring Spree Makes Comeback in New York [Bloomberg] $$$ Hostess Has Seen 'Flood' of Interest in Its Brands, Lawyer Says [WSJ] $$$ The surprising correlation between a turkey and a short-gamma trader [Peter Brandt] $$$ Fox News Pundit Finds the Silver Lining of Having Almost No Money for Food [DI] $$$ That’s it for us today. Happy Thanksgiving. We hope you all have a great holiday. There will be brief posting/moral support for those working on Friday, and we'll see the rest of you back here on Monday $$$ A New York hedge fund is looking for an experienced quantitative strategist to join their equities team [DBCC] $$$ Senator Warner says deficit talks to be different this time [Reuters] $$$ Olam launches Muddy Waters libel case [FT] $$$ "[CNBC's] audience does not consists mainly of the very rich; rather, it’s the 1 percent wannabees, who imagine that watching many hours of talking heads will somehow let them absorb the secrets of getting rich." [Paul Krugman] $$$ "Fehr and colleagues found that, in one-shot encounters where employment contracts were struck, 51% of principals exploited agents. 'The Marxian idea that power can be used for exploitation is real' they conclude." [Stumbling and Mumbling] $$$ A Very Dramatic Reading of Francisco Dao's Tale of Startup Failure [The Awl] $$$ The co-writer of The Empire Strikes Back will write one of the new Star Wars movies [Hollywood Reporter]

Write-Offs

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]