October 25, 2021
Updated:
Original:

Write-Offs: 09.14.12

$$$ As His Fraud Trial Opens, Ex-UBS Trader Is Accused of Brazen Gambling [DealBook] $$$ Thanks, Goldman, for Giving My Peers Their Lives Back [Bloomberg] $$$ FDIC’s Hoenig Wants Simpler Rules Than Basel III [Deal Journal] $$$ Occupy Wall Street's one-year anniversary demonstrations start tomorrow [The Awl] $$$ Hard-money types talk too much about the gold standard, not enough about the bacon standard [CNBC] $$$ "I'm kind of a Snooki fan. Look how tiny's she's gotten. She's lost weight. She's energetic. Just her spark-plug personality is kind of fun." - Mitt Romney [DI] $$$ TIAA-CREF is looking for an insurance wholesaling director in Boston [DBCC] $$$ Miller Says U.S. Should Issue Simplified Volcker Rule [Bloomberg] $$$ Private equity needs more strategic deals [Term Sheet] $$$ Home Depot is leaving China, "where cheap labor has stunted the do-it-yourself ethos and apartment-based living leaves scarce demand for products like lumber" [WSJ] $$$ Allocating Risk Through Contract: Evidence from M&A and Policy Implications [Harvard Law] $$$ Naked German monk found wandering Bavarian forest after tripping on some bad berries [NYDN]
Author:

$$$As His Fraud Trial Opens, Ex-UBS Trader Is Accused of Brazen Gambling [DealBook]

$$$Thanks, Goldman, for Giving My Peers Their Lives Back [Bloomberg]

$$$FDIC’s Hoenig Wants Simpler Rules Than Basel III [Deal Journal]

$$$ Occupy Wall Street's one-year anniversary demonstrations start tomorrow [The Awl]

$$$ Hard-money types talk too much about the gold standard, not enough about the bacon standard [CNBC]

$$$ "I'm kind of a Snooki fan. Look how tiny's she's gotten. She's lost weight. She's energetic. Just her spark-plug personality is kind of fun." - Mitt Romney [DI]

$$$ TIAA-CREF is looking for an insurance wholesaling director in Boston [DBCC]

$$$Miller Says U.S. Should Issue Simplified Volcker Rule [Bloomberg]

$$$ Private equity needs more strategic deals [Term Sheet]

$$$Home Depot is leaving China, "where cheap labor has stunted the do-it-yourself ethos and apartment-based living leaves scarce demand for products like lumber" [WSJ]

$$$Allocating Risk Through Contract: Evidence from M&A and Policy Implications [Harvard Law]

$$$Naked German monk found wandering Bavarian forest after tripping on some bad berries [NYDN]

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Write-Offs

Write-Offs: 03.11.13

$$$ You can still drink big sodas [NYP] $$$ Bank compensation up in 2012 despite cutback efforts [Reuters] $$$ Morgan Stanley Set to Name Kaminsky Brokerage Vice Chair [FBN] $$$ Mary Schapiro Is Nominated to G.E. Board [DealBook] $$$ The life cycle of the investment banker [TED] $$$ City high-flier 'was called crazy Miss Cokehead by work bullies after she blew whistle on insider dealing' [DM] $$$ Brookfield Investment Management is looking for a global infrastructure securities analyst in Chicago [DBCC] $$$ Europe trading tax would kill repo market -industry official [Reuters] $$$ SAC Capital Manager’s Tipper Deserves Prison, U.S. Says [Bloomberg] $$$ "Long term shareholders are well served by activism" [Aswath Damodaran] $$$ "Callan hardly needs advice from me but I'll offer it anyway. She may want to consider that her lack of satisfaction with her life's direction is not a product of the choices she made. Instead, her choices may have been a product of her lack of satisfaction. In my experience, the kind of people who can rise to the level she did at a relatively early age tend to be filling a hole in their psyche, an indistinguishable yearning for something more that is experienced as a kind of pain." [NetNet / John Carney] $$$ Corey Robin went to school with Bill[y] Ackman [Corey Robin]

Write-Offs

Write-Offs: 03.06.13

$$$ Holder: Big banks' size complicates prosecution efforts [The Hill] $$$ Stress Tests Seen Boosting U.S. Bank Shareholder Payouts [Bloomberg] $$$ February the strongest month ever for US buybacks [FTAV] $$$ E*Trade Exec Behind Talking Baby Leaves [Deal Journal] $$$ Anti-CNBC ad runs on CNBC [TBN] $$$ "Also, releasing a new version of a customer favorite like 'snackable chicken,' works well, says James O'Reilly, chief marketing officer for Sonic Corp. 'Consumers love to eat chicken in portable forms,' so Sonic introduced a spicy version of its Jumbo Popcorn Chicken for a limited time last month, he says." [WSJ] $$$ Eaton Vance is looking for a junior U.S. taxable fixed income analyst in Boston [DBCC] $$$ Tiger accelerator fund pounces back after early losses [AR] $$$ Football Investors Get 62% in Run Around Players on Transfer Bet [Bloomberg] $$$ Monte Paschi seeks 1.2 billion euros damages over derivatives [Reuters] $$$ Wallace Shawn ‘Fascinated and Shocked’ by Iran’s R.O.U.S Problem [DI] $$$ Tensions brewed, for instance, when she organized a golf-themed 21st-birthday party for a student at University of Virginia—under orders from his mother in Epsom, England. The mother, Lindsay Smart, says her son Henry was initially wary of the party plan, but "as it got nearer, I think he warmed to the idea." He directed her not to do anything "over the top," but otherwise gave little guidance on the event, which was for about 25 people. "We were trying not to treat him like he was 5 years old," Ms. Battani says. [WSJ]

News

Write-Offs: 08.28.12

$$$ Catalonia Asks Spanish Government for Emergency Funds [NYT] $$$ Asia's Tide of Cash Hems in Policy Makers [WSJ] $$$ Morgan Stanley Win On Brokerage Would Be Pyrrhic Victory [Bloomberg] $$$ Paulson Assures Bank of America in Call [WSJ] $$$ "When I asked a PE tax attorney if what Bain is doing is allowed, she told me that 'allowed' and 'not allowed' isn't always the right way to think about it." Tax lawyers! [Term Sheet] $$$ The CFA Institute comes out against Great Idea Corp. [Forbes] $$$ Shia LaBeouf Got Into Character for Upcoming Film by Dropping Acid On Set [Gawker] $$$ William Blair is looking for an experienced associate for its technology investment banking group in San Francisco [DBCC] $$$ S.E.C. Charges 8 With Insider Trading in Sanofi Deal [DealBook] $$$ ISM sells a low-latency feed of its business data to Reuters [MarketBeat] $$$ “There’s an idea that when a lawyer or law firms are going to get a big payment, that there’s something somehow wrong about that, just because it’s a lawyer. I’m sorry, but investment banks have hit it big, a lot bigger the plaintiffs’ lawyer firms have hit it big. They’ve hit it big many times.” This Law Blog story on the Grupo Mexico verdict is kind of amazing. [WSJ Law Blog] $$$ Wall Street Rocker Gary Marks Settles With SEC Over Whether Knew What He Was Talking About [NYO] $$$ "There were no workers that were forced to attend the event. We had managers that communicated to our work force that the attendance at the Romney event was mandatory, but no one was forced to attend the event." [Raw Story] $$$ Hitler clothing store in India asked to change name [JTA]

Write-Offs

Write-Offs: 08.15.12

$$$ Paul Singer wants Mitt Romney to regulate banks more [FT] $$$ JPMorgan, UBS Said Among Banks Queried In Libor Probe [Bloomberg] $$$ Apollo Said To Seek Up To $12 Billion For Flagship Fund [Bloomberg] $$$ Consider taking trading advice from a 23-year-old who day-trades equities in Dallas for his own account and talks about it with Business Insider [BI] $$$ Police Seize Pimping Rules During Raid [TSG] $$$ Shitterton named most unfortunate place name in UK [Scotsman] $$$ Legg Mason is looking for a US product strategist in Baltimore [DBCC] $$$ Standard Chartered eyes joint deal after backing down in U.S. [Reuters] $$$ Jana Disappointed With Agrium Talks [WSJ] $$$ The Harvard Business Review is pro-reading [HBR] $$$ Locals faced with medieval tax to pay for castle renovations [DutchNews] $$$ Lifeboats kill more people than they save [Brendan Koerner]

Write-Offs

Write-Offs: 05.18.12

$$$ G8 leaders urged to focus talks on growth [FT] $$$ JPMorgan Returned $168M To MF Global, Trustee Says [Bloomberg] $$$ Chesapeake Cuts Board Compensation [WSJ] $$$ Ben Horowitz: MBAs aren't as bad as everyone thinks [PandoDaily] $$$ Bloomberg TV's Matt Miller vents about Nasdaq FB glitches to NYSE traders [Bloomberg TV] $$$ Boston radio talk show host Howie Carr released evidence that appears to confirm [Elizabeth] Warren may have plagiarized at least three of the five recipes she submitted to the 1984 Pow Wow Chow cookbook edited by her cousin Candy Rowsey. Two of the possibly plagiarized recipes, said in the Pow Wow Chow cookbook to have been passed down through generations of Oklahoma Native American members of the Cherokee tribe, are described in a New York Times News Service story as originating at Le Pavilion, a fabulously expensive French restaurant in Manhattan. The dishes were said to be particular favorites of the Duke and Duchess of Windsor and Cole Porter. The two recipes, "Cold Omelets with Crab Meat" and "Crab with Tomato Mayonnaise Dressing," appear in an article titled “Cold Omelets with Crab Meat,” written by Pierre Franey of the New York Times News Service that was published in the August 22, 1979 edition of the Virgin Islands Daily News ... [Breitbart via DI] $$$ Morgan Stanley is looking for a VP in Global Regulatory Policy in New York [DBCC] $$$ JPMorgan to be haunted by change in risk model [Reuters] $$$ JPMorgan unit has $100bn of risky bonds [FT] $$$ Galleon prosecutor aims to cement legacy in U.S. Gupta trial $$$ The government should fine the hell out of Rajat Gupta instead of criminally prosecuting him [Slate] $$$ Cannibal allowed to leave mental hospital for a stroll, just four years after he beheaded and ate sleeping bus passenger [Daily Mail]

Write-Offs

Write-Offs: 11.20.12

$$$ Bernanke Says Fiscal Cliff Fix May Bring ‘Very Good’ Year [Bloomberg] $$$ The Feds Are Closing In on Steve Cohen [DI / Kevin Roose] $$$ How gaming Libor became business as usual [Reuters] $$$ Xstrata Shareholders Back Deal Without Retention Packages [WSJ] $$$ "Is it possible to build a jetpack using downward firing machine guns?” [What If?] $$$ An elite boutique M&A firm is looking for an analyst with 1-2 years of investment banking experience [DBCC] $$$ US banks warn on money transfer rule [FT] $$$ Here you will find smart people attempting to understand Nassim Nicholas Taleb without reading him [Deus Ex Macchiato] $$$ Map: Where the Emotionally Challenged Live [BBW] $$$ Mitt Romney Is at Disneyland, Doing His Thing [Gawker]

Write-Offs

Write-Offs: 01.08.13

$$$ Alcoa Swings to a Profit [WSJ] $$$ SAC Capital Said to Raise Portfolio Managers’ Bonuses [Bloomberg] $$$ Titan's taste for small funds seen behind its SAC exit [Reuters] $$$ Dimon Leaves New York Fed Board as His Term Ends [DealBook] $$$ What The Simpsons Taught Us About the Dangers of a Trillion-Dollar Platinum Coin [DI] $$$ An investment manager is looking for a senior portfolio analyst in Seattle [DBCC] $$$ Dealpolitik: How AIG Board Works Its Way Out of the Hot Seat [Deal Journal] $$$ Lawmakers Warn A.I.G. Not to Join Lawsuit Against U.S. [DealBook] $$$ Why AIG Suing America Isn't as Crazy as You Think [NetNet / John Carney] $$$ Clearwire Receives $5.15 Billion Buyout Bid from Dish [WSJ] $$$ Oregon Man Arrested for Choking Girlfriend With His Own Dreadlocks [Gawker]

Write-Offs

Write-Offs: 12.21.12

$$$ Lawsuits cast darker shadow over banks than Libor fines [Reuters] $$$ Majority of Wealthy Support Taxing Themselves: Poll [CNBC] $$$ NRA Calls for Armed Guards in Schools to Prevent Killings [Bloomberg] $$$ ICE Would Owe $750 Million if NYSE Deal Blocked [WSJ] $$$ Daily Intel is live-blogging the Mayan apocalypse [DI] $$$ That's it for us today. We'll be on a light schedule next week, and will see you back here full time on January 2nd. Happy holidays! $$$ BoNY Mellon is looking for a wealth management sales director in Boston [DBCC] $$$ Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk [Bloomberg] $$$ New York Fed: Progress Being Made in Improving Tri-Party Repo Sector [RTE] $$$ "[C]lass actions are more closely associated with unreliable disclosures than are SEC investigations. Moreover, stand-alone class actions appear more likely to result in settlements, and those settlements are of greater magnitude, than stand-alone SEC investigations, and officers are more likely to be terminated. Our findings cast doubt on the claim that SEC investigations are superior to class actions in targeting fraud and imposing sanctions on companies." [Harvard Law] $$$ "Plaintiff's counsel hereby gives notice he will not be available any time after December 21, 2012, due to the end of the world." [ATL]