Until It Lost Four Times Its Annual Earnings In A Matter Of Minutes, Knight Capital Was Very Profitable, And Guess What, The Company Doesn't Need Your Charity Regardless

...says former CEO who may or may not be authorized to speak for the place. The co-founder and former chief executive officer of battered market-maker Knight Capital Group gave a bullish assessment of the company's future, telling CNBC that Knight can "definitely survive," even without the help of a financial savior. If Knight should go under, "you'd have a hole in the marketplace," said Kenneth Pasternak who retired from Knight in 2002. The market-maker "needs to restore the confidence of the community at large, but its a very important player and frankly, was a very profitable player until three days ago." [CNBC]
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...says former CEO who may or may not be authorized to speak for the place. Ya hear that would-be buyers? You can piss all the way off.

The co-founder and former chief executive officer of battered market-maker Knight Capital Group gave a bullish assessment of the company's future, telling CNBC that Knight can "definitely survive," even without the help of a financial savior. If Knight should go under, "you'd have a hole in the marketplace," said Kenneth Pasternak who retired from Knight in 2002. The market-maker "needs to restore the confidence of the community at large, but its a very important player and frankly, was a very profitable player until three days ago."

No 'White Knight' Needed For Knight: Co-Founder [CNBC]

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Enter The Second Annual Dealbreaker NCAA Tournament Challenge Today

As Dealbreaker historians will recall, last March marked our first Dealbreaker NCAA Tournament Challenge. It was inspired by a financial services hack who made the public announcement that he planned to (anonymously) report any colleagues he caught filling out brackets and keeping tabs on their picks during business hours. At the time, we encouraged you all to enter as many pools as were available, making it impossible for him to keep up with the amount of people and their offenses he needed to rat out, and created one to do our part. Is this guy still on the loose? He very well might be but regardless: never forget. To that end, sign up for the Second Annual Dealbreaker NCAA Tournament Challenge today. If you need reason beyond being able to say you won the DBNCAATC, first place will receive dinner for him/herself plus some colleagues and/friends at Peter Luger's, an outing funded by us,* a Greenlight Capital messenger bag, a Pershing Square golf umbrella, a pair of Third Point-branded running sneakers, and an I Heart Dealbreaker button.** The pool will once again be managed by Dealbreaker Commenter and Friend NakedShort, who, along with myself, will answer any questions you might have, provide color if warranted (rip everyone’s brackets to shreds, call out the bottom 5 performers), etc. Sign up here now.*** So it is abundantly clear, if you do not want participants to know your real name, MAKE SURE TO FILL OUT SOMETHING ELSE IN THE NAME FIELDS. For example, if your ID is Godswork, rather than writing Lloyd B, enter first name: Gods, last name: work. To that end, if you don’t want people to see your email address, from the bracket page, click ‘options’ and then ‘hide email.’ If you feel it necessary, create an entirely new email account specifically for this challenge. Finally, don’t use HisHoliness as your ID because Alan Greenspan’s already called dibs. The pool password is: animalliar Dealbreaker NCAA Tournament Challenge [CBS Sports] *Last year we offered Wall Street North favorite Beamers Cafe, but the winner had "already seen all Beamers had to offer," and choose an alternative venue. This year, feel free to think outside the box. **If any other hedge funds, private equity firms, or banks would like to be represented via swag, feel free to get in touch! ***NakedShort says you have until Thursday morning to fill out a bracket but you should just get on this ASAP.