Updated:

Jan 14, 2019

Original:

Jun 1, 2012

Write-Offs: 06.01.12

$$$ How Morgan Stanley sank to junk status [Reuters] $$$ Rosengren Says Renewing Operation Twist Would Spur Growth; in other news the 10-year hit 1.437% today [Bloomberg] $$$ Defiant Spain to test the bond market [FT] $$$ Egan-Jones cuts Italy to B+, says economy "miserable" [Reuters] $$$ Rajat Gupta’s Wealth in Spotlight at Trial [DealBook] $$$ Man Sentenced For Abandoning Teen Daughter Due to Her Poor Calculus Grade $$$ A highly regarded advisory firm is looking for a life sciences investment banking associate [DBCC] $$$ Bankruptcy Court Approves Dynegy Settlement With Creditors [WSJ] $$$ Chesapeake Oil Well Is Biggest Gusher In Company History [Bloomberg] $$$ A central-bank failure of epic proportions [Economist / Free Exchange] $$$ The National Review runs an article endorsing NGDP targeting [NR] $$$ Hockey Mom Madam wants bail reduced so she can care for her son

Author:

$$$How Morgan Stanley sank to junk status [Reuters]

$$$Rosengren Says Renewing Operation Twist Would Spur Growth; in other news the 10-year hit 1.437% today [Bloomberg]

$$$Defiant Spain to test the bond market [FT]

$$$Egan-Jones cuts Italy to B+, says economy "miserable" [Reuters]

$$$Rajat Gupta’s Wealth in Spotlight at Trial [DealBook]

$$$Man Sentenced For Abandoning Teen Daughter Due to Her Poor Calculus Grade [Fox]

$$$Geoffrey Raymond, the artist who's done everyone from Dick Fuld to Jon Corzine to Lenny Dykstra, has a new Jamie Dimon (above). Want to add your comments? Buy a print ($250)? Buy the original ($125K)? Be in touch.

$$$ A highly regarded advisory firm is looking for a life sciences investment banking associate [DBCC]

$$$Bankruptcy Court Approves Dynegy Settlement With Creditors [WSJ]

$$$Chesapeake Oil Well Is Biggest Gusher In Company History [Bloomberg]

$$$A central-bank failure of epic proportions [Economist / Free Exchange]

$$$ The National Review runs an article endorsing NGDP targeting [NR]

$$$Hockey Mom Madam wants bail reduced so she can care for her son [NYP]

$$$ Plaintiffs' lawyers somehow turn nonbinding "say on pay" votes into shakedown opportunity [Reuters, related] $$$ How a desperate HP suspended disbelief for Autonomy deal [Reuters] $$$ Virtu, Getco Start Examining Knight Trading’s Books [Deal Journal] $$$ Carl Icahn and the Oshkosh board are still fighting [WSJ] $$$ National Bank of Poland Working Paper: "Would it have paid to be in the eurozone?" (Spoiler: no) [NBP] $$$ John Cochrane and Cliff Asness critique Warren Buffett on taxes [Grumpy Economist] $$$ Somebody's using bitcoins [BBW] $$$ A financial institution is looking for a risk manager in Charlotte [DBCC] $$$ Detroit on the Verge of Insolvency, Again [WSJ] $$$ Duke Energy’s Latest C.E.O. Drama [DealBook] $$$ Goldman Pushes Subprime ABX Index as Housing Rebounds [Bloomberg] $$$ BlackRock, Rialto Dump Some of Their ‘Skin’ in CMBS Game [MarketBeat] $$$ Lindsay Lohan Gets Unsolicited Legal Advice from Manhattan Madam Kristin Davis [NYO]

$$$ Italy Vote Shows No Clear Winner, as Berlusconi Rises [WSJ] $$$ Goldman to begin fresh round of job cuts [Reuters] $$$ Remember That $83 Billion Bank Subsidy? We Weren't Kidding [Bloomberg, earlier] $$$ "There appears to be a growing trendin dying industries: The bosses want to hold their bedside vigils in private." [Deal Journal] $$$ Banks to sell complex CDS books [IFR] $$$ "As an excellent student with advanced people skills and an exciting resume, with a desire to be part of a challenging, energetic, and reputable organization, I will be a valuable addition to The Catholic Church as your new Pope." [McSweeney's] $$$ A top-tier investment management firm is looking for a VP, behavioral finance specialist in New York [DBCC] $$$ Wells Fargo Role in Heinz Deal Is Credit Negative, Moody’s Says [Bloomberg] $$$ Leveraged loan market on fire [Sober Look] $$$ Banks Face Key Hurdle in Libor Fight [WSJ] $$$ RBS plans IPO for U.S. arm Citizens in next two years [Reuters] $$$ John Kerry Brings Democracy to Kyrzakhstan [DI]

$$$ Bernanke Cites Risks, but Doesn't Signal Action [WSJ] $$$ Federal Reserve set to unveil capital proposals [FT] $$$ Ackman, Loeb, other hedge funds lose in May [Reuters] $$$ Ford Makes the Grade, Joins Borrowing Spree [WSJ] $$$ David Takes On The Porn-Addicted Goliath: Egan-Jones Countersues The SEC; the complaint is surprisingly persuasive [ZH] $$$ Mets To Sell Reprinted Tickets From Santana No-Hitter For $50 [Bloomberg] $$$ A major financial advisor is looking for a VP specializing in financial institutions to join its debt research team [DBCC] $$$ The rise and fall of European banking [FTAV] $$$ Insider trading probe swings from bankers to ballplayers [Reuters] $$$ Election Forecast: Obama Begins With Tenuous Advantage [FiveThirtyEight] $$$ How the internet killed porn [Guardian via MR] $$$ Most Work Emails Not Important [Mashable]

$$$ Moody's says more steps needed to save US credit rating [Reuters] $$$ Avis to Buy Car-Sharing Service Zipcar [WSJ] $$$ There's going to be a re-settlement of the mortgage settlement [NYT] $$$ BofA Could Join JPMorgan Selling Units to Boost Value, Mayo Says [Bloomberg] $$$ Greek Official Resigns Amid Bank Scandal [WSJ] $$$ The Great Canadian Maple Syrup Heist [BBW] $$$ A leading financial services firm in Chicago is looking for a corporate strategy & development associate or VP [DBCC] $$$ Up and Down for Einhorn's Greenlight in December [Alpha] $$$ Do Corporations Have Religious Rights? [Law Blog] $$$ You Disgust Me, Christie Tells Boehner in Storm Over Aid [CNBC] $$$ “If somebody had told me I was going to be a high school math teacher in Dallas, Texas, when I entered college, I’d be like, ‘No, there’s no chance of that being true,’ ” said Mr. Dearing, who has deferred an offer from McKinsey. The teaching skills easily translate to office environments, he said. “I’m effectively the leader, every day, for 46 minutes, in front of seven different groups,” Mr. Dearing said. [DealBook]

$$$ Tables turn on Spain with pressure to seek bailout [Reuters] $$$ Maybe David Viniar will be Goldman's chairman when Lloyd retires and Gary is CEO? [WSJ] $$$ "The study found that for a sample of modifications to securitized subprime mortgages, a 10 percent reduction in the monthly payment was associated with a 4.5 percentage point reduction in the twelve-month redefault rate." [New York Fed] $$$ "If Apple continues on its current trajectory, something remarkable might happen on April 9, 2015, at around 11 a.m. That is, statisticians and investors I've spoken with say, a conservative estimate of when Apple could become the first company ever to be valued at $1 trillion." [NYT!] $$$ Welcome to the world Quartz! [Qz] $$$ "To call the Berenstains anthropomorphized bears insults both humans and bears." [NetNet / John Carney] $$$ Credit Suisse is looking for a research analyst for commodity strategies in asset management in New York [DBCC] $$$ U.S. Corporate Bond Tally Could Top $100 Billion in September [WSJ] $$$ Meredith Whitney is still pretty sure banks will fire a lot of people [CNBC] $$$ William Cohan confuses himself horribly about Whaledemort [Bloomberg] $$$ Mario Batali is paying $1.15mm to Del Posto employees to settle a lawsuit over wages, tips, overtime and discrimination [Diner's Journal] $$$ Hillary Clinton Aide Tells Reporter To “Fuck Off” And “Have A Good Life” [BF] $$$ Mitt Romney Doesn’t Get Why Airplane Windows Don’t Open [DI]

$$$ Del Missier Says Diamond Told Him To Lower Libor Submissions [Bloomberg] $$$ Banks behave badly redux: Is it killing confidence? [Reuters] $$$ Goldman Sachs And The $580 Million Black Hole [NYT] $$$ Treasury probe cites officials for soliciting prostitutes, accepting industry gifts, FOIA docs reveal [TheHill] $$$ "What appeared to be sewing needles were found in sandwiches served in business-class cabins on four Delta Air Lines flights to the U.S. from Amsterdam on Sunday, the airline confirmed." $$$ Surveys Give Big Investors an Early View From Analysts [NYT] $$$ JPMorgan Blaming Marks on Traders Baffles Ex-Employees [Bloomberg] $$$ JPMorgan Has Bigger Worry Than ‘London Whale,' says Bové [CNBC] $$$ An Indecent Proposal From Sarah Silverman For Billionaire Sheldon Adelson, Involving Her Scissoring Him [SideSplitter]

$$$ You can still drink big sodas [NYP] $$$ Bank compensation up in 2012 despite cutback efforts [Reuters] $$$ Morgan Stanley Set to Name Kaminsky Brokerage Vice Chair [FBN] $$$ Mary Schapiro Is Nominated to G.E. Board [DealBook] $$$ The life cycle of the investment banker [TED] $$$ City high-flier 'was called crazy Miss Cokehead by work bullies after she blew whistle on insider dealing' [DM] $$$ Brookfield Investment Management is looking for a global infrastructure securities analyst in Chicago [DBCC] $$$ Europe trading tax would kill repo market -industry official [Reuters] $$$ SAC Capital Manager’s Tipper Deserves Prison, U.S. Says [Bloomberg] $$$ "Long term shareholders are well served by activism" [Aswath Damodaran] $$$ "Callan hardly needs advice from me but I'll offer it anyway. She may want to consider that her lack of satisfaction with her life's direction is not a product of the choices she made. Instead, her choices may have been a product of her lack of satisfaction. In my experience, the kind of people who can rise to the level she did at a relatively early age tend to be filling a hole in their psyche, an indistinguishable yearning for something more that is experienced as a kind of pain." [NetNet / John Carney] $$$ Corey Robin went to school with Bill[y] Ackman [Corey Robin]

$$$ Spain finalises bank recapitalisation plan [FT] $$$ Bank of America's Moynihan tops list of worst performing CEOs [Fortune] $$$ "Nearly 46 percent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 percent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters," which seems sort of low no? [Reuters] $$$ Goldman's trading "huddles" won't disqualify it from doing private placements [SEC.gov, earlier] $$$ Lawsuit Claims Texas Constable Forced Deputy to ‘Motorboat’ Her Breasts [ATL] $$$ A bank in New York is looking for a Basel II modeler - could it be you? [DBCC] $$$ Hedge Fund Inflows Slowing, a Report Indicates [DealBook] $$$ Peter Orszag seems to think strange things about the marginal utility of money [Bloomberg, earlier] $$$ Carlyle Falls Below Offer Price as Rubenstein Plan Fails. FYI the plan was "have stock go up." [Bloomberg] $$$ Space-Taxi Race Gets a New Player [WSJ] $$$ Accused madam yelled at by judge after attempting to switch defense team again [NYP]

CLOSE

CLOSE

CLOSE

CLOSE