Write-Offs: 10.01.12
$$$ Ben Bernanke is pretty sure the thing he's doing is not a horrible idea [FRB]
$$$Four Charged in U.K. Insider-Trading Probe [WSJ]
$$$Hedge Fund Jana Partners Takes Aim at Agrium [WSJ]
$$$In Goldman Programmer Case, a Way Around Double Jeopardy [DealBook]
$$$ "The idea is that while equity owners - management - are like owners of call options on the assets of a firm (aka the Merton Model), banks are like down-and-out call option owners, because if their book equity goes down too far they will be forced into a fire-sale or liquidated by regulators. This is a barrier option, and has the interesting property that its vega - the derivative of the value of the equity with respect to asset volatility - is negative when it gets close in value to its barrier." [Falkenblog]
$$$ Looking at cats on the internet makes you more productive at playing games on the internet [Wonkblog]
$$$Shia LaBeouf rescues sea lion [tv3.ie]
$$$ Citi Capital Advisors is looking for a director of hedge funds risk management in New York [DBCC]
$$$ DVA, one half of Dealbreaker will miss you [WSJ]
$$$LIBOR may converge with CD rates [Sober Look]
$$$Equity Trading and the Allocation of Market Data Revenue [FRB]
$$$ "A Miami-bound American Airlines flight made an emergency landing at JFK when a row of passenger seats became unbolted and dangerously slid around like a carnival ride ..." [NYP]
$$$In urban Taiwan, indoor shrimp fishing is booming [LAT]
$$$ "Queens teacher suing city claiming he was beaten up by a first-grader"; the pictures are superb [NYP]