September 23, 2021

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]
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$$$ 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]

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Write-Offs

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