Write-Offs: 09.28.12

$$$ Spain Banks Have $76 Billion Capital Deficit in Stress Test [Bloomberg] $$$ How Bernanke Pulled the Fed His Way [WSJ] $$$ The economics of video games [Wonkblog] $$$ Scaramucci Picking Singapore Shows City as Hot Spot [Bloomberg] $$$ "SocGen’s Alberts concedes that his writing can be 'pretty insane' and his market timing 'unerringly inaccurate.'" CNBC's headline is "Bernanke’s ‘Ruinous’ QE Will Lead to Rapid Inflation: SocGen’s Albert Edwards" [CNBC] $$$ 'Cocaine For Snowblindness': What Polar Explorers Packed For First Aid [NPR] $$$ AIG is looking for a credit analyst in New York [DBCC] $$$ Mortgage lending should provide a tailwind to bank earnings [Reuters] $$$ Ex-analyst at unit of Cohen's SAC Capital admits insider trading [Reuters] $$$ Global regulators follow UK’s Libor lead [FT] $$$ What Your Beer Says About Your Politics [Hotline] $$$ From King’s Daughter to Lowly Fishmonger: Lisa Marie Presley Is Selling Fish and Chips out of the Back of a Van [Gawker]
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Write-Offs: 10.23.12

$$$ Facebook Posts Loss, But Emphasizes Mobile Growth $$$ LightSquared Executives Get $6 Million in Bonuses Approved by Judge [Deal Journal] $$$ Bernanke QE3 Stocks Miss Greenspan Irrational Exuberance [Bloomberg] $$$ ‘I’m Quite Concerned About Fiscal Cliff’: Greenspan [CNBC] $$$ Argentina won't kneel down before 'vulture funds,' says Cabinet Chief [BA Herald] $$$ Gupta is no Rajaratnam. Gupta tipped inside information about one company to Rajaratnam, while Rajaratnam traded on confidential information collected from many sources. So you’d expect that Gupta would be treated differently when he appears for sentencing. Federal sentencing guidelines, however, suggest a prison term for him that’s similar in length to the 11 years Rajaratnam is serving. And prosecutors want a sentence within those guidelines, just as they want for the hundreds of defendants sentenced in federal courts nationwide every day. Because what Gupta and Rajaratnam did is so different, though, sentencing Gupta to anything like the time Rajaratnam is serving undermines the whole purpose of the sentencing scheme that prosecutors say they want to uphold. [Slate] $$$ For several years now, Marc Lasry, the co-founder of Avenue Capital, has decorated his mansion on East 74th Street with bloodied bodies hanging from the balcony, skeleton heads, a giant inflatable ghost, swinging bats and a life-size, clothed skeleton affixed to a tree on the sidewalk. One afternoon last week, tourists and children gathered to take pictures of a dancing skeleton beside the front door. It was singing “Super Freak.” (Perhaps in the spirit of competition, the hedge fund manager Philip A. Falcone and his wife, Lisa Maria, have lavishly decorated the exterior of their 27,525-square-foot house on East 67th Street even though it is currently a construction site.) [NYT via BI] $$$ Adveq, a leading asset manager investing in private equity and real asset funds globally, is looking for an investor relations and development representative for North America [DBCC] $$$ Former Soros CIO nears launch of Anderson Global Macro early next year [AR] $$$ Wall Street Is Rethinking Commodity-Trading Role [WSJ] $$$ This is a story about LBO companies getting equity financing from long-only investors to pay down debt to manageable levels before an IPO [Term Sheet] $$$ This is a story about a management consultant who is also a self-published poet [BBW] $$$ "My wife ... penetrated to the heart of the debate in a single sentence tonight when, only about 15 minutes into the exchange, she observed: 'Romney’s flag pin is much larger than Obama’s flag pin.'" [NR] $$$ Obama Takes Out Romney With Mid-Debate Drone Attack [The Onion] $$$ NYC-Based Soup Chain Offers Free Cup of Soup, Personal Service from a ‘Cunt’ Named Mary [Gawker]

Write-Offs: 01.23.13

$$$ Goldman not negligent in arranging Dragon sale - jury [Reuters, earlier] $$$ Kashkari to Leave Pimco, Enter Politics [WSJ] $$$ Apple Earnings Top Forecast but Revenue Falls Short [CNBC] $$$ What Is Business Borrowing For? [Slack Wire] $$$ We Must Build An Enormous McWorld In Times Square, A Xanadu Representing A McDonald's From Every Nation [The Awl] $$$ A global financial firm is looking to add an experienced prepayment modeler to their quantitative team in New York [DBCC] $$$ KKR Agrees to Buy 25% Stake in Hedge Fund Nephila Capital [Bloomberg] $$$ Goldman seeks to block shareholder vote on independent chairman [Reuters] $$$ Pemex Snaps Mexico’s Bond Sale Drought With $2 Billion Offering [Bloomberg] $$$ ‘Inigo Montoya’ shirt upsets travelers, leads to awkward flight [Yahoo News]

Write-Offs: 05.25.12

$$$ Spain to inject up to €19bn into Bankia [FT] $$$ New Democracy, Syriza Tied In Greek Race For First, Poll Says [Bloomberg] $$$ "Banks get to play a fun game every quarter that could be called Guess the Value of Your Assets! JPMorgan Chase plays it more than its peers." [DealBook] $$$ "This study proposes a novel framework for capital regulation that addresses banks’ incentives to take on excessive risk and leverage. The framework consists of a special capital account in addition to a core capital requirement. The special account would accrue to a bank’s shareholders as long as the bank is solvent, but would pass to the bank’s regulators — rather than its creditors — if the bank fails." [FRBNY] $$$ "Barry also had a knack for interceptions. When a joint was making the rounds, he often elbowed his way in, out of turn, shouted "Intercepted!," and took an extra hit. No one seemed to mind." [DI] $$$ That’s it for us today. We’re off Monday for the holiday, enjoy the long weekend and see you on Tuesday! $$$ Fortress Investment Group is looking for a treasury analyst in San Francisco [DBCC] $$$ Marc Faber: 100% Chance of Global Recession [CNBC!] $$$ Prosecutors gain early edge in Raj Gupta trial [Breakingviews] $$$ Despite Doubts, Lehman Charges Still Possible [DealBook] $$$ "A penguin on the run from a Tokyo aquarium since early March was adjusting to life back on the inside yesterday after being recaptured on a riverbank. The Humboldt penguin, one of 135 kept at Tokyo Sea Life Park, was recaptured after 82 days of freedom that had even seen it outwit Japan’s well-resourced coast guard. ... The hunt for the bird, which the aquarium said did not have a name, began in early March after it was spotted bathing in a river that runs into Tokyo Bay. Keepers believe the creature made its break for freedom after being startled into climbing over a rock twice its size." [AFP]

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: 08.07.12

$$$ After Knight Loss, SEC Looks to Tighten Trading Controls [WSJ] $$$ Knight Is Said To Have Spurned $500 Million Citadel Loan [Bloomberg] $$$ Standard Chartered questions New York action [Reuters] $$$ Gary Gensler wants to replace Libor with something transaction-based [NYT] $$$ Former SIGTARP Neil Barofsky took questions at Gawker [Gawker] $$$ "Please explain your rationale for the rainbow." [BI] $$$ Genworth financial is looking for a senior credit analyst in Stamford to cover private placements [DBCC] $$$ S&P Cuts Greece's Outlook to 'Negative' [CNBC] $$$ SkyBridge’s Scaramucci: Asia Is His Next Frontier [II] $$$ Facebook ventures into online gambling [FT] $$$ Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves [Bloomberg] $$$ The top floors of the Woolworth Building will apparently become luxury condos [NYT]

Write-Offs: 07.16.12

$$$ Del Missier Says Diamond Told Him To Lower Libor Submissions [Bloomberg] $$$ Banks behave badly redux: Is it killing confidence? [Reuters] $$$ Goldman Sachs And The $580 Million Black Hole [NYT] $$$ Treasury probe cites officials for soliciting prostitutes, accepting industry gifts, FOIA docs reveal [TheHill] $$$ "What appeared to be sewing needles were found in sandwiches served in business-class cabins on four Delta Air Lines flights to the U.S. from Amsterdam on Sunday, the airline confirmed." $$$ Surveys Give Big Investors an Early View From Analysts [NYT] $$$ JPMorgan Blaming Marks on Traders Baffles Ex-Employees [Bloomberg] $$$ JPMorgan Has Bigger Worry Than ‘London Whale,' says Bové [CNBC] $$$ An Indecent Proposal From Sarah Silverman For Billionaire Sheldon Adelson, Involving Her Scissoring Him [SideSplitter]

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: 12.06.12

$$$ IIF Bank Group: Greek Debt Buyback Likely To Reach Target [WSJ] $$$ Doing the Shareholder Sidestep [DealBook] $$$ Netflix CEO Hastings Faces SEC Action Over Facebook Post [Bloomberg] $$$ Rush to set up ‘ultra-short’ bond funds [FT] $$$ Bain leads private equity firms in use of low-tax payouts [Reuters] $$$ Financial Times Discovers Hip-Hop Slang From Last Century [DI] $$$ A multi-billion-dollar asset management firm is looking for a quantitative execution junior equities trader in New York [DBCC] $$$ Partners’ Stake in Goldman Sachs Rises [DealBook] $$$ Defaulted Bondholders Undeterred as Gains Hold [Bloomberg] $$$ Will JPMorgan's 'Jes' Staley Jump Ship? [CNBC] $$$ Brooklyn couple makes breakup video to announce split to their friends [NYDN via Kevin Roose] $$$ Snoop [Lion] Asked Himself a Question About His Own Weed Habits on Reddit [NYO]