Write-Offs: 08.20.12

$$$ Hedge Fund Manager Found Guilty of Insider Trading [DealBook] $$$ Citi chief rejects calls for bank splits [FT] $$$ E.C.B. Rejects Speculation About Its Bond-Buying Intentions [NYT] $$$ Condoleeza Rice and Darla Moore became the first women admitted to Augusta National [USAT] $$$ Apple Market Value Hits Record High $$$ Kansas lawmaker apologizes for nude Sea of Galilee swim [AP] $$$ Morgan Stanley is looking for an anti-money-laundering due diligence manager in New York [DBCC] $$$ Banks Use $1.77 Trillion To Double Treasury Purchases [Bloomberg] $$$ UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy [Bloomberg] $$$ "Inspired by Google’s PageRank, the authors of a new paper create DebtRank, a measure of connection centrality. The vertical axis in the following diagram shows DebtRank (centrality) the horizontal axis asset shows size relative to the total network and the color indicates fragility/leverage. Institutions such as Wachovia, RBS and Barclays were relatively small but because of their centrality and fragility they imposed big risks on the system." [MR] $$$ Would it be better if analysts started earnings call Q&As by saying "terrible quarter, guys"? [Overheard]
Author:
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$$$Hedge Fund Manager Found Guilty of Insider Trading [DealBook]

$$$Citi chief rejects calls for bank splits [FT]

$$$E.C.B. Rejects Speculation About Its Bond-Buying Intentions [NYT]

$$$ Condoleeza Rice and Darla Moore became the first women admitted to Augusta National [USAT]

$$$Apple Market Value Hits Record High

$$$Kansas lawmaker apologizes for nude Sea of Galilee swim [AP]

$$$ Morgan Stanley is looking for an anti-money-laundering due diligence manager in New York [DBCC]

$$$Banks Use $1.77 Trillion To Double Treasury Purchases [Bloomberg]

$$$UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy [Bloomberg]

$$$ "Inspired by Google’s PageRank, the authors of a new paper create DebtRank, a measure of connection centrality. The vertical axis in the following diagram shows DebtRank (centrality) the horizontal axis asset shows size relative to the total network and the color indicates fragility/leverage. Institutions such as Wachovia, RBS and Barclays were relatively small but because of their centrality and fragility they imposed big risks on the system." [MR]

$$$ Would it be better if analysts started earnings call Q&As by saying "terrible quarter, guys"? [Overheard]

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Write-Offs: 09.24.12

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Write-Offs: 02.25.13

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Write-Offs: 09.06.12

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Write-Offs: 09.18.12

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Write-Offs: 07.13.12

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Write-Offs: 06.18.12

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Write-Offs: 10.09.12

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Write-Offs: 08.03.12

$$$ U.S. To Sell $4.5 Billion In AIG Stock In Public Offering [Bloomberg] $$$ Hiring Climbs but Jobless Rate Ticks Up [WSJ] $$$ Bloomberg wants to develop a Libor alternative and call it Blibor [WSJ] $$$ What's the Exxon Valdez up to these days? [Bloomberg] $$$ "I think there's just something about getting into chlorine water that you just automatically go." - Ryan Lochte [AP] $$$ An investing bank is looking for a Ph.D. quant for their derivatives modeling team, if that's of interest [DBCC] $$$ Or consider supporting a second edition of Doug Henwood's book Wall Street, "the best leftwing book on actually-existing-capitalism that’s been written in the last couple of decades," if that's more your thing [Crooked Timber] $$$ Financial weapons of mass irony [Reuters] $$$ Futures are swaps in reality but not in regulatory arbitrage [Streetwise Professor] $$$ Mustaches keep you safe from radiation [WaPo]