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]