Write-Offs: 07.09.12
$$$Tucker denies intervening on Libor [FT]
$$$SAC’s Cohen Joins Loeb Starting Reinsurer For Capital [Bloomberg]
$$$ "My best guess is that the LIBOR manipulation that went on before the financial crisis had a small effect on human suffering and its not clear whether it increased human suffering or decreased it. My best guess is that the LIBOR manipulation during the crisis reduced human suffering." [Modeled Behavior]
$$$ "I do not understand why physicists are quite happy to say that the gravitational constant in appropriate SI units is 6.67384 ± 0.00080, but in finance and economics we are unwilling to say that the price of an asset is 103.23 ± 0.65." [Jayanth Varma]
$$$Employment Seeker Mistakes Nic Cage JPEG for CV, Inadvertently Sends Out Greatest Job Application Ever [Gawker]
$$$ Morgan Stanley wants a FIG banking VP, if that's your thing [DBCC]
$$$ New CFPB rules to simplify mortgage disclosure are 1,099 pages long [Kid Dynamite]
$$$Patriot Coal Files For Bankruptcy Protection In New York [Bloomberg]
$$$FN100 Most Influential: Regulators tighten grip on industry [FN]
$$$The New York Times Gets a ‘Rare Glimpse’ Quite Often [DI]