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Write-Offs: 08.27.12

$$$ M&T To Buy Hudson City In Deal Valued At $3.7 Billion [Bloomberg] $$$ Best Buy Founder Gets Green Light to Pursue Buyout [WSJ] $$$ Don't all M&A processes leak and push up the target stock price? Anyway, Deltek's did [Term Sheet] $$$ Mike Evans heats up Goldman succession speculation by buying an apartment [DealBook] $$$ Americans Think the Rich Are Smarter, But Greedier [CNBC] $$$ Quincy Jones 'knew of alleged plot by Steve Wynn to kill founder of Girls Gone Wild and hide his body in the desert' say court documents [Daily Mail] $$$ Prudential is looking for an associate manager for derivative products [DBCC] $$$ In Dollar Thrifty Deal, Hertz Bets Big on Certainty of Closing [DealBook] $$$ Delaware court affirms $2 bln Southern Copper judgment [Reuters] $$$ Allowing mortgage cramdowns raised mortgage rates by 10-20bps for risky borrowers [Credit Slips] $$$ The Sharapova Effect: you try harder to succeed in sports if you're good-looking enough to get lots of endorsement deals [Freakonomics] $$$ “Remember when McDonald’s used to be called Mickey D’s?” asks Becky Johnson, a senior vice president at Applebee’s. “That was a street slang term, people playing with the name. We found out that ‘the bee’s’ is how the kids are describing Applebee’s.” By “kids,” she means twenty- and thirtysomething singles who may eat at Applebee’s with co-workers or family members, but who generally go elsewhere—like, to an actual bar—at night and on the weekends. “The bee’s is an overt invitation to them,” says Johnson. “We want them back.” [BBW]
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$$$M&T To Buy Hudson City In Deal Valued At $3.7 Billion [Bloomberg]

$$$Best Buy Founder Gets Green Light to Pursue Buyout [WSJ]

$$$ Don't all M&A processes leak and push up the target stock price? Anyway, Deltek's did [Term Sheet]

$$$ Mike Evans heats up Goldman succession speculation by buying an apartment [DealBook]

$$$Americans Think the Rich Are Smarter, But Greedier [CNBC]

$$$Quincy Jones 'knew of alleged plot by Steve Wynn to kill founder of Girls Gone Wild and hide his body in the desert' say court documents [Daily Mail]

$$$ Prudential is looking for an associate manager for derivative products [DBCC]

$$$In Dollar Thrifty Deal, Hertz Bets Big on Certainty of Closing [DealBook]

$$$Delaware court affirms $2 bln Southern Copper judgment [Reuters]

$$$ Allowing mortgage cramdowns raised mortgage rates by 10-20bps for risky borrowers [Credit Slips]

$$$The Sharapova Effect: you try harder to succeed in sports if you're good-looking enough to get lots of endorsement deals [Freakonomics]

$$$“Remember when McDonald’s used to be called Mickey D’s?” asks Becky Johnson, a senior vice president at Applebee’s. “That was a street slang term, people playing with the name. We found out that ‘the bee’s’ is how the kids are describing Applebee’s.” By “kids,” she means twenty- and thirtysomething singles who may eat at Applebee’s with co-workers or family members, but who generally go elsewhere—like, to an actual bar—at night and on the weekends. “The bee’s is an overt invitation to them,” says Johnson. “We want them back.” [BBW]

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Write-Offs: 09.11.12

$$$ Goldman will console itself for its lost $20mm El Paso merger fee with its $220mm profit on the other side of the deal [Dealpolitik] $$$ "What's more, they tend to finance long-term mortgage securities with short-term repo. Typically they borrow from banks for 60-90 days and just roll their loans. Banks don't have to use much capital for securitized short-term loans, so they generally extend credit lines to REITs with no trouble." That sounds great [Sober Look] $$$ Jamie Dimon said some Dimony things today [DealBook] $$$ Mark Zuckerberg wrote the founder's letter in the Facebook S-1 on his phone [SAI] $$$ Kevin Roose went to TechCrunchDisrupt conference, disrupted it [DI, also, also] $$$ Brown Brothers Harriman is looking for a banking analyst in Philadelphia [DBCC] $$$ Moody's Cautions of Possible U.S. Downgrade in 2013 [WSJ] $$$ Integrating Banks Spurs Last-Minute Fears in Europe [NYT] $$$ "A South Carolina woman said she was shocked to discover her ex-boyfriend from 12 years ago has been living in her attic." [UPI] $$$ There may be a jaguar on the prowl in East Hampton [EH Patch via DI]

Write-Offs

Write-Offs: 01.28.13

$$$ Hedge fund scorecard 2012: Mortgage masters win, Paulson on bottom again [Reuters] $$$ Watchdog Says U.S. Treasury Failed to Curb AIG, GM Pay [Bloomberg] $$$ Buffett Said to Have Expressed Interest in Buying NYSE Euronext [DealBook] $$$ Yahoo Profit Drops but Revenue Rises [CNBC] $$$ Henry Blodget got on a plane and the plane went way up in the sky and it was good to be on the plane but then there was pee-pee on the plane and the pee-pee wasn't good [BI, but mostly Twitter] $$$ A global financial firm is looking for a quant in New York [DBCC] $$$ Jana Chides Agrium Over CEO Comments [Deal Journal] $$$ FTC Action Leads Court to Halt Alleged Pyramid Scheme [FTC] $$$ People don't want to kill robots [NPR] $$$ Here is an amazing picture of the Queen of the Netherlands, who quit today [Qz]

Write-Offs

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]

Write-Offs

Write-Offs: 10.10.12

$$$ S&P cuts Spain credit rating to BBB-minus, near junk [Reuters] $$$ E-Mails Appear to Back Lawsuit’s Claim That Equity Firms Colluded on Big Deals [DealBook] $$$ Tarullo Calls for Cap on Bank Size [WSJ] $$$ Political backlash over BAE deal collapse [FT] $$$ First-week Bain Capital analyst sort of attempts to buy Gawker, Gawker explains birds and bees, analyst concludes "This is awkward." [Gawker] $$$ A financial services firm is looking for an enterprise risk manager in Philadelphia [DBCC] $$$ Stocks Skid Into Earnings Pothole [WSJ] $$$ Narula Masters Fed, Beats Funds With 500% Gain [Bloomberg] $$$ Citing Deep Data Collections, Senator Opens Inquiry of Information Brokers [NYT] $$$ Pro-Life Congressman Recorded Himself Convincing Mistress to Get an Abortion [DI]

Write-Offs

Write-Offs: 07.05.12

$$$ Greece drops demand to ease bailout terms [FT] $$$ The NYSE Gets Its Very Own Dark Pool [MarketBeat] $$$ The Strange Takeover Limbo of CVR [DealBook] $$$ Countrywide won influence by giving House members discounts, report says [AP] $$$ Jon Ronson talks to rich people, middle-class people, and poor people [GQ] $$$ The guy who finished ahead of David Einhorn in the $1mm buy-in One Drop poker tournament was beaten up shortly afterwards [Poker News Daily] $$$ A German university is suing a business student for lost income because he finished his bachelors and masters degrees in only 20 months [UPI] $$$ A top institution is looking for a VP level structured credit trader in New York [DBCC] $$$ Euro the big loser after central banks intervene [FT] $$$ Irish Bill Sale Marks End Of Drought As Spain Yields Rise [Bloomberg] $$$ Why not have variable-rate mortgages with fixed payments but variable amortization periods? [American Banker] $$$ Traded assets are more volatile than non-traded assets, NGDP targeting edition [Noahpinion] $$$ Alphonse "Buddy" Fletcher's wife is the Kleiner Perkins partner suing them for gender discrimination [Term Sheet] $$$ An Alternative Living Will for Banks [Paperwell]

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Write-Offs: 08.16.12

$$$ Facebook Falls To Record As Lockup End Frees Shares [Bloomberg] $$$ Best Buy Founder Presses Case for Takeover Talks [DealBook] $$$ Hall Of Fame Football Coach Donnan Accused In Ponzi Scheme [Bloomberg] $$$ Dealpolitik: Muddied Waters Complicate Focus Media Buyout [Deal Journal] $$$ “Struck By Blow Dart”: A Brief Index Of Recent Terrible Events Involving Joggers [Deadspin] $$$ Macquarie Capital is looking for a restructuring and M&A vice president in New York, if you're available [DBCC] $$$ BlackRock Tiptoes Into Spain's Sovereign Debt [WSJ] $$$ Bain Capital was good at investing when Mitt Romney ran it [PEHub] $$$ Romney Says He Paid at Least 13% Taxes for 10 Years [CNBC] $$$ New Ray Gun Used to Fight High Sea Pirates [CNBC]

Write-Offs

Write-Offs: 10.22.12

$$$ Yahoo Sales, Profit Top Estimates Amid Mayer Turnaround [Bloomberg] $$$ Farallon’s Founder to Leave by Year End [DealBook] $$$ BofA-Merrill Hires Top Broker From Morgan Stanley [Deal Journal] $$$ The World Financial Center will be renamed "Brookfield Place" [NYO] $$$ Marissa Mayer's baby is named Macallister Bogue [Fortune] $$$ Sorry, nerds: Popular kids earn more in the long run [WonkBlog] $$$ William Blair is recruiting for an Analyst - Special Situations & Restructuring to join the Corporate Finance team in Chicago [DBCC] $$$ Is Mary Schapiro leaving the SEC soon? [FBN] $$$ CLOs stage comeback in US [FT] $$$ McSweeney's has a financial economist talking about debt [McSweeney's] $$$ "Is he a Columbia asshole or a Harvard asshole? The answer is important, because those are two very different types of asshole. Both are obsessed with showing you how smart they are, but the Columbia asshole does it by telling you everything he knows, while the Harvard asshole does it by acting bored with whatever you say. The Harvard variety is at least laid back, and the Columbia variety can be interesting; but put them together and you have a world-weary pest." [NR via IvyGate] $$$ Heinz Counterfeiting Operation Ends in Ketchup Explosion [Grub Street]

Write-Offs

Write-Offs: 02.13.13

$$$ Treasury nominee wins over critics, says tax reform top priority [Reuters] $$$ Meet the Morgan Stanley C.F.O. Candidates [DealBook] $$$ Has a Restructuring Credit Event occurred with respect to SNS Bank NV? [ISDA, also FTAV] $$$ "Mr. Grantham, chairman of Boston-based GMO LLC, a global investment management firm, was not arrested, but his daughter, Isabel, was one of 48 protesters arrested for handcuffing themselves to the White House fence ..." [P&I Daily] $$$ Dogs! [NYT] $$$ A leading software company in New York is looking for a Senior Vice President; Equity Financial Engineer [DBCC] $$$ Best Buy Founder Schulze Considers Alternatives to Buyout Plan [WSJ] $$$ SEC to roll out ‘Robocop’ against fraud [FT] $$$ Underwater and Drowning? Some Facts about Mortgages that Could Be Targeted by Eminent Domain [Liberty Street / NY Fed] $$$ "[S]tudents in Fröhlich’s "Intermediate Programming", "Computer Science Fundamentals," and "Introduction to Programming for Scientists and Engineers" classes ... collectively planned to boycott the final. Because they all did, a zero was the highest score in each of the three classes, which, by the rules of Fröhlich’s curve, meant every student received an A." [Inside Higher Ed via Catherine Rampell]