Write-Offs: 10.26.12

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$$$ "Mr. Adoboli said that his work was effectively his life, that he would work long days, wake up in the middle of the night to check positions and sometimes even sleep under his desk. 'UBS was my family. Everything I did was for the benefit of the bank.'" [WSJ]

$$$Italy's Berlusconi sentenced to jail for tax fraud [Reuters]

$$$ "Paul Ceglia, a wood-pellet salesman from Wellsville, New York, was charged with mail fraud and wire fraud over what the U.S. Attorney's Office in Manhattan said was fabricated evidence to support his claim of a large ownership stake in Facebook." [Reuters]

$$$Bill Bain Speaks: ‘The Unfair Attacks Are Not Worth Responding To’ [Daily Beast]

$$$ $3.66mm ATM receipt? Meh [The Billfold, earlier]

$$$ A leading investment bank is looking to add a senior sales person to their US Government Bond desk in New York [DBCC]

$$$The Plot to Destroy America's Beer [BBW]

$$$The Best Buy-out just got harder [Term Sheet]

$$$Insurers Must Boost Reserves for Residential Mortgage Bonds [WSJ]

$$$Lawrence Taylor Twirled His Used Condom Over His Head “Like A Lasso” After Sexing That Underage Prostitute [Deadspin]

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