Write-Offs: 08.08.12
$$$Ex-UBS Traders Offered Deal by U.S. in Rate Probe [WSJ]
$$$ The history of the invention of Libor [Reuters]
$$$British MPs accuse US of anti-City agenda [FT]
$$$Why investors should avoid hedge funds [Reuters / Felix Salmon]
$$$ "Brazilian central bank employees staged their first work stoppage in five years today ... demanding an average pay increase of 23 percent to compensate for inflation since June 2008." [Bloomberg via Slate]
$$$Pole Vaulter Realizes It’s Not His Day As His Pole Shatters Mid-Vault [Deadspin]
$$$ J.P. Morgan is looking for a Java developer to work on interest rates derivatives pricing [DBCC]
$$$Carbon Credits Gone Awry Raise Output of Harmful Gas [NYT]
$$$ "I propose an expanded system of company registration under which companies would have to trade in private markets for a seasoning period, with mandatory disclosure, before they would be allowed to sell their shares to the public at large." [Harvard Law]
$$$ On retail vs. institutional investors: "As for small investors vs. little guys, there’s a difference. If you have enough money that you’re investing it through brokers, I personally don’t count you as small, even if you appear small to Goldman Sachs." [Mathbabe]
$$$A Hundred Horses Are Ford’s Pride After Flipping Tainted Banks is really a Bloomberg headline [Bloomberg]
$$$ Beck's next album will be released only as sheet music [McSweeney's]