Write-Offs: 07.31.12

$$$ Regulator says no to Obama mortgage write-down plan [Reuters] $$$ Boehner, Reid reach early deal to avert shutdown [WaPo] $$$ Problems with a positive expected value lottery [Kid Dynamite] $$$ Problems with using Twitter signals in your quant fund [Willy Staley] $$$ J.P. Morgan Awarded ‘Best Trader’ For Second Quarter (Really) [Deal Journal] $$$ Snoop Lion explains name change [from "Snoop Dogg"], new focus [reggae] [CNN] $$$ Pimco is looking for a trade compliance analyst in New York and a trade compliance supervisor in Newport Beach [DBCC] $$$ SEC seeks more investor protections for U.S. muni market [Reuters] $$$ High frequency trading costs investors $2.5bn a year, or less, or zero, or benefits them, or something else [BBW] $$$ Switzerland is ‘new China’ in currencies [FT] $$$ FraudVille? Zynga sued for insider trading [Term Sheet] $$$ Happy 25th birthday, Microsoft PowerPoint! [Undercover Economist] $$$ The Porn Convention [Forbes]

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Jul 31, 2012

$$$Regulator says no to Obama mortgage write-down plan [Reuters]

$$$Boehner, Reid reach early deal to avert shutdown [WaPo]

$$$ Problems with a positive expected value lottery [Kid Dynamite]

$$$ Problems with using Twitter signals in your quant fund [Willy Staley]

$$$J.P. Morgan Awarded ‘Best Trader’ For Second Quarter (Really) [Deal Journal]

$$$Snoop Lion explains name change [from "Snoop Dogg"], new focus [reggae] [CNN]

$$$ Pimco is looking for a trade compliance analyst in New York and a trade compliance supervisor in Newport Beach [DBCC]

$$$SEC seeks more investor protections for U.S. muni market [Reuters]

$$$High frequency trading costs investors $2.5bn a year, or less, or zero, or benefits them, or something else [BBW]

$$$Switzerland is ‘new China’ in currencies [FT]

$$$FraudVille? Zynga sued for insider trading [Term Sheet]

$$$ Happy 25th birthday, Microsoft PowerPoint! [Undercover Economist]

$$$The Porn Convention [Forbes]

Lockhart sees rate hike in 2015; "How to Lose $667 Million in Bond Trades Without Trying"; Bitcoin; Petco deal; "Rapper Snoop Dogg starts site focused on weed"; and more.

$$$ In Victory for Google, U.S. Ends Antitrust Investigation [NYT] $$$ Scandal Hits Greek Tourism Agency [WSJ] $$$ Fairytale of New York — in pari passu, anyway [FTAV] $$$ John McAfee Pimped Out 29 ‘Pillow Talk Masters’ to Spy on Belize: Here’s What He Found [NYO] $$$ Russia grants citizenship to Depardieu [FT, outstanding photo] $$$ A little bit of adolescent pushback, as teens begin to express their individuality, is good, said Leslie Whitten Baughman, a child therapist with a practice in Sacramento. But drugging your parents "would not be a healthy level of rebellion." [Sac Bee] $$$ A top electronic trading firm is looking for a C++ developer in LA [DBCC] $$$ Transocean to pay $1.4 billion for role in BP oil spill [Reuters] $$$ "Loblaw Buying Canada Safeway No Pipe Dream in Spinoff" [Bloomberg!] $$$ The Macroeconomics of Middle Earth [WCI] $$$ Why Are Dogs Racist? Canine Experts Speak [Gawker] $$$ Drew Magary profiles Snoop Lion (né Snoop Dogg) [GQ]

$$$ Holder: Big banks' size complicates prosecution efforts [The Hill] $$$ Stress Tests Seen Boosting U.S. Bank Shareholder Payouts [Bloomberg] $$$ February the strongest month ever for US buybacks [FTAV] $$$ E*Trade Exec Behind Talking Baby Leaves [Deal Journal] $$$ Anti-CNBC ad runs on CNBC [TBN] $$$ "Also, releasing a new version of a customer favorite like 'snackable chicken,' works well, says James O'Reilly, chief marketing officer for Sonic Corp. 'Consumers love to eat chicken in portable forms,' so Sonic introduced a spicy version of its Jumbo Popcorn Chicken for a limited time last month, he says." [WSJ] $$$ Eaton Vance is looking for a junior U.S. taxable fixed income analyst in Boston [DBCC] $$$ Tiger accelerator fund pounces back after early losses [AR] $$$ Football Investors Get 62% in Run Around Players on Transfer Bet [Bloomberg] $$$ Monte Paschi seeks 1.2 billion euros damages over derivatives [Reuters] $$$ Wallace Shawn ‘Fascinated and Shocked’ by Iran’s R.O.U.S Problem [DI] $$$ Tensions brewed, for instance, when she organized a golf-themed 21st-birthday party for a student at University of Virginia—under orders from his mother in Epsom, England. The mother, Lindsay Smart, says her son Henry was initially wary of the party plan, but "as it got nearer, I think he warmed to the idea." He directed her not to do anything "over the top," but otherwise gave little guidance on the event, which was for about 25 people. "We were trying not to treat him like he was 5 years old," Ms. Battani says. [WSJ]

$$$ Germany, Netherlands Rating Outlooks Cut To Negative By Moody’s [Bloomberg] $$$ Congress Presses New York Fed for More Details on Rate-Rigging Scandal [DealBook] $$$ China bids $15bn for Canada’s Nexen [FT] $$$ John Paulson Said To See 50% Chance That Euro Will Fail $$$ Bane's Plan to Bankrupt Batman Doesn't Make Any Sense [The Atlantic] $$$ A top bank is looking for a consumer/food sector M&A vice president or senior associate [DBCC] $$$ Citigroup Chairman O'Neill Takes Hands-On Approach [WSJ] $$$ An Ackman Protégé Plans to Strike Out on His Own [DealBook] $$$ Apple is a champion of planned obsolescence [Reuters] $$$ Snoop Dogg to Release Reggae Album as Snoop Lion [Gawker]

$$$ The power is back on in parts of downtown [DI] $$$ And it was never off at Goldman [DealBook] $$$ But the marathon is off [NYT, earlier] $$$ Berkshire Profit Climbs 72% on Derivatives, Railroad [Bloomberg] $$$ More Hedge Funds Close Up Shop as Returns Fizzle [Reuters] $$$ Jérôme Kerviel is the most indebted man in the world [Atlantic] $$$ Macquarie is looking for equity research associates in New York, including in the Oil & Gas, Business Services, Utilities, and Transportation & Logistics sectors [DBCC] $$$ SEC Asked Groupon for Financial Disclosures [WSJ] $$$ "The problem is that when you actually look at the documents from some of the troubled investments during the financial crisis, in many cases the disclosure was copious. There were warnings of the risks; investors just failed to heed the warning signs that should have led them to further investigation." [DealBook / Steven Davidoff] $$$ Goldman urges Supreme Court to end mortgage class-action [Reuters] $$$ E*Trade Reviews Practices on 'Best Execution' for Stock Trades [WSJ] $$$ Model Under Fire for Using Sandy Wreckage for Photo Shoot [ABC]

$$$ Judge Approves Payout to MF Global Customers $$$ Dell Buyout Deal Could Come as Soon as Monday [Reuters] $$$ US banks squeezed as mortgage profits hit [FT] $$$ High Drama at CFTC: The Battle Over Swaps and Futures [BBW] $$$ UBS Set to Classify Bond-Buying Clients as 'Aggressive' Investors [FBN] $$$ "We were served water, at exactly the right cool temperature, yet without ice cubes"; also Bill Gates was there [MR] $$$ Aston Martin in Barn With Mouse Nest May Fetch $300,000 [Bloomberg] $$$ A highly respected bank is looking for a senior associate and a VP/director to originate, structure, and market credit-based structured products in New York [DBCC] $$$ SNS Nationalized in Netherlands After Real Estate Losses [Bloomberg] $$$ Swap mis-sellingand the dark heart of the City [Telegraph] $$$ Banks slow crisis money repayment to ECB [Reuters] $$$ Twitter nears $10 billion valuation [Fortune] $$$ Sociology of the evolution of electronic trading [Jayanth R. Varma] $$$ Half of students in Harvard cheating scandal required to withdraw from the college [Boston.com]

$$$ Goldman Sachs’s Blankfein Says He Might Support Higher Taxes $$$ Big winner in government's JPMorgan suit: Seth Klarman and Baupost [Fortune] $$$ Icahn Makes Offer to Acquire Oshkosh in $3 Billion Deal [Bloomberg] $$$ Softbank in Advanced Talks to Acquire Sprint Nextel [WSJ] $$$ Paul Ryan Posed for Photos While Lifting Weights in a Backwards Hat [DI] $$$ Macquarie is looking for a director of operational risk in New York [DBCC] $$$ Tim Geithner and Larry Fink talk to each other [FT] $$$ Realogy Surges in Trading Debut [DealBook] $$$ Zynga stock plummets below value of its cash and real estate [LAT] $$$ Shutterstock’s road to IPO (told through awful Shutterstock images) [PandoDaily]

$$$ Happy Birthday, Jamie Dimon [DealBook] $$$ There's a pope [DI] $$$ EU May Put Short-Term Bank Creditors in Firing Line for Losses [Bloomberg] $$$ End Looming for Paper Certificates [WSJ] $$$ Is Insider Selling A Concern? (No) [TBP] $$$ I Emailed the CEO of Bank of America to Fix My Credit Score (And He Did) [The Billfold] $$$ A high frequency trading fund is looking for a senior compliance officer in New York [DBCC] $$$ Former Pimco Executive Files, Then Withdraws, Suit Alleging Misconduct [DealBook] $$$ Lehman creditors can question 'London Whale' - judge [Reuters] $$$ New Dell suitors don't make much sense [Fortune] $$$ Goldman Sachs ventures west for annual meeting in Salt Lake City [Reuters] $$$ New York City to Ban Awls [The Awl]