Write-Offs: 11.08.12

$$$ Greek Aid Payment Call Won’t Be Made Next Week, EU Official Says [Bloomberg] $$$ Dexia Gets a New Bailout [DealBook] $$$ Obama Victory Leads Wealthy to Make Quick Pre-2013 Moves [Bloomberg] $$$ "The ECB is playing a more complicated game than old fashioned 'loose money to counteract downturns, tight money to counteract inflation' monetary policy. And you have to ask yourself: Is it working? Has this delivered prosperity?" [Slate / Matt Yglesias] $$$ The guy who was going to fire all of his employees if Obama got elected, gave them a 5% raise [BBW] $$$ Priceline.com Impulsively Buys Kayak During Mini Existential Crisis [VF] $$$ JPMorgan is looking for a high-net-worth banker in Chicago [DBCC] $$$ JPMorgan Cleared for $3 Billion Stock Buyback [DealBook] $$$ Libor rates cull proposed for April [FT] $$$ Consulting Firm That Once Advised Gadhafi Enters Chapter 11 [WSJ] $$$ Here you will find a review of Atlas Shrugged [The Awl] $$$ "As he wended his way toward proposing an April trial date for Christopher's claims and Tory's counterclaims, Strine reflected on the (in his view) unwarranted popularity of 'duck boots,' the mysterious utility of the Topsiders his son just bought and the strangely bright colors of WASP-preferred styles." [Reuters] $$$ "'Paying bills,' Mr. Adelson said on Tuesday night when asked by a Norwegian reporter how he thought his donations had been spent. 'That’s how you spend money. Either that or become a Jewish husband — you spend a lot of money.'" [DI]
Author:
Publish date:

$$$Greek Aid Payment Call Won’t Be Made Next Week, EU Official Says [Bloomberg]

$$$Dexia Gets a New Bailout [DealBook]

$$$Obama Victory Leads Wealthy to Make Quick Pre-2013 Moves [Bloomberg]

$$$ "The ECB is playing a more complicated game than old fashioned 'loose money to counteract downturns, tight money to counteract inflation' monetary policy. And you have to ask yourself: Is it working? Has this delivered prosperity?" [Slate / Matt Yglesias]

$$$ The guy who was going to fire all of his employees if Obama got elected, gave them a 5% raise [BBW]

$$$Priceline.com Impulsively Buys Kayak During Mini Existential Crisis [VF]

$$$ JPMorgan is looking for a high-net-worth banker in Chicago [DBCC]

$$$JPMorgan Cleared for $3 Billion Stock Buyback [DealBook]

$$$Libor rates cull proposed for April [FT]

$$$Consulting Firm That Once Advised Gadhafi Enters Chapter 11 [WSJ]

$$$ Here you will find a review of Atlas Shrugged [The Awl]

$$$ "As he wended his way toward proposing an April trial date for Christopher's claims and Tory's counterclaims, Strine reflected on the (in his view) unwarranted popularity of 'duck boots,' the mysterious utility of the Topsiders his son just bought and the strangely bright colors of WASP-preferred styles." [Reuters]

$$$ "'Paying bills,' Mr. Adelson said on Tuesday night when asked by a Norwegian reporter how he thought his donations had been spent. 'That’s how you spend money. Either that or become a Jewish husband — you spend a lot of money.'" [DI]

Related

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: 04.11.13

$$$ Bank Earnings: J.P. Morgan and Wells Fargo Preview [Deal Journal] $$$ JPMorgan Analysts Say Big Investment Banks Are ‘Uninvestable’ [Bloomberg] $$$ The state of investment banking today: Morgan Stanley’s definitive guide [eFC] $$$ To trade or not to trade, when the Fed sends you inside info [Reuters] $$$ How Do You Run Goldman Sachs Out of Town? [DI] $$$ The Winklevii have a lot of bitcoins [DealBook] $$$ Top Bankers Agree with Obama: Recovery Coming [FBN] $$$ Lisbon struggles to avoid second bailout [FT] $$$ Singer Denial Failing to Quell Win-Win Charge: Argentina Credit [Bloomberg] $$$ A New Look at the Role of Sovereign Credit Default Swaps [IMF] $$$ UBS cap intro chief Rob Sachs jumps to Bank of America [HFI] $$$ Man Tries to Saw Off His Arms at California Home Depot [ABC]

Write-Offs: 08.24.12

$$$ Jury reaches verdict in Apple-Samsung trial [Reuters] $$$ Greece not written off, says Merkel [FT] $$$ RBS closing in on LIBOR settlement [Reuters] $$$ HSBC In Settlement Talks With U.S. Over Money Laundering [Bloomberg] $$$ John Hempton looks at Focus Media [Bronte Capital] $$$ Hey Look, It’s the DMX-”Reading Rainbow” Mashup You Never Knew You Wanted [Popdust] $$$ Highland Capital is looking for a credit trader in Dallas, if that's your thing [DBCC] $$$ Bernanke Letter Defends Fed Actions [WSJ] $$$ The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis [BIS] $$$ The commodity-basket standard is even dumber than the gold standard [Slate / Matt Yglesias] $$$ "You can’t fight inflation by taxing the wealthy. And since fighting inflation is the primary reason our government would need to raise taxes, the proposals to raise taxes on the wealthy just don’t add up" says MMT true believer John Carney [NetNet] $$$ Olympian Nick Symmonds may have finished a mere fifth in the 800M during the 2012 London Olympics, yet he has redeemed himself completely by downing a beer before running each of the four laps required to complete a mile in record time. ... Symmonds finished his mile (and chugging of 4 beers) in a very impressive 5 minutes and 19 seconds. The mark was good enough for first in US, but only fifth place all-time. “That’s a good first mark,” says Symmonds. “I’ve got some training to do.” [Cosby Sweaters] $$$ Count von Count died [The Awl]

Write-Offs: 12.13.12

$$$ Wells Fargo Banker, Two Others Indicted on Insider-Trading Charges [WSJ] $$$ Bank of America claims MBIA in default on senior notes [Reuters] $$$ The Queen of England seems to have had a fun tour of her Bank [Telegraph] $$$ DealBook Conference Was Impressive, Lucrative and Chummy, but it was no DBDRN [NYT] $$$ "Lloyd Blankfein … wears a suit that is notably baggy in its cut. The bagginess is unflattering. But it is a pinstripe suit, which is the Bat Signal of men of great influence, Wall Street's version of a rapper's Jacob the Jeweler medallion." [Gawker] $$$ Plot to castrate and kill Justin Bieber at Madison Square Garden is foiled [NYP] $$$ How would you like to be a TIAA-CREF wealth management advisor in Fargo, ND? [DBCC] $$$ Obama’s Bet on GM Hangs on Revamped Silverado Pickup [Bloomberg] $$$ Hostess Said to Attract Bids From Wal-Mart, Kroger [Bloomberg] $$$ "But the decisions in the Argentine litigation do seem to go a long way toward transforming the pari passu clause from a rule of rank into a prohibition on preferences. And if this is right, is there any reason to think the holdings will be confined to the sovereign context?" [DealBook / Stephen Lubben] $$$ U. Chicago Receives Weird Mystery Package Addressed to Indiana Jones [NYO] $$$ "Afterward, the employees — chosen by lottery — nibbled on pigs in blankets and sushi rolls and met with Tyson Chandler of the New York Knicks. But one employee apparently was more interested in an autograph from his boss, coming up to ask Mr. Dimon to sign his ticket. The chief executive complied." [DealBook]

Write-Offs: 09.13.12

$$$ NGDP-targeting inventor Scott Sumner is celebrating [Money Illusion] $$$ The Fed will buy over half of all new agency MBS [Sober Look] $$$ Ray Dalio describes the machine [Free Exchange, CFR] $$$ Bank complexity makes Sally Krawcheck "weep blood out of [her] eyes" [DealBook] $$$ Greece to Lease 40 Uninhabited Islands to Reduce Debt [Bloomberg] $$$ Efficient Markets Theory Can Save You From A Grizzly Death By Botched Penile Enlargement [Slate] $$$ BlackRock is looking for a director of global mobility in San Francisco [DBCC] $$$ Deutsche Bank urges rivals to share IT [FT] $$$ Fairfax Case Against Morgan Keegan, Exis Dismissed [Bloomberg] $$$ The Volcker Rule's ban on short-term prop trading will prevent AIG from buying and holding long-term assets for some reason [DealBook] $$$ You only have six more months to buy giant sodas in New York City [NYT] $$$ "The Author in Fancy Dress as a Side of Bacon, designed by himself, which took the First Prize of Forty Guineas at the Covent Garden Fancy Dress Ball, April 1894." [Retronaut]

Write-Offs: 08.08.12

$$$ Ex-UBS Traders Offered Deal by U.S. in Rate Probe [WSJ] $$$ The history of the invention of Libor [Reuters] $$$ British MPs accuse US of anti-City agenda [FT] $$$ Why investors should avoid hedge funds [Reuters / Felix Salmon] $$$ "Brazilian central bank employees staged their first work stoppage in five years today ... demanding an average pay increase of 23 percent to compensate for inflation since June 2008." [Bloomberg via Slate] $$$ Pole Vaulter Realizes It’s Not His Day As His Pole Shatters Mid-Vault [Deadspin] $$$ J.P. Morgan is looking for a Java developer to work on interest rates derivatives pricing [DBCC] $$$ Carbon Credits Gone Awry Raise Output of Harmful Gas [NYT] $$$ "I propose an expanded system of company registration under which companies would have to trade in private markets for a seasoning period, with mandatory disclosure, before they would be allowed to sell their shares to the public at large." [Harvard Law] $$$ On retail vs. institutional investors: "As for small investors vs. little guys, there’s a difference. If you have enough money that you’re investing it through brokers, I personally don’t count you as small, even if you appear small to Goldman Sachs." [Mathbabe] $$$ A Hundred Horses Are Ford’s Pride After Flipping Tainted Banks is really a Bloomberg headline [Bloomberg] $$$ Beck's next album will be released only as sheet music [McSweeney's]

Write-Offs: 03.25.13

$$$ Dell Founder Said to Weigh Switching to Blackstone Offer [DealBook] $$$ Mortgage Securitizers Didn’t Know Housing Was Going Bust [WSJ] $$$ The case for Cypriot national equity [FTAV] $$$ BRICS Nations Plan New Bank to Bypass World Bank, IMF [Bloomberg] $$$ "Nestled in the shadow of the picturesque southern mountain range Macgillycuddy’s Reeks, home to Ireland’s three highest peaks, Kilgarvan is little more than a blink-and-you-miss-it blip on the busy road between the tourist towns of Killarney and Kenmare," but now you can drive drunk there [NYT] $$$ Sorry for today's technical difficulties. We expect things will be better tomorrow. If they're not, we'll probably be at Dealbroken, so check there too. $$$ Dudley gives first hints of slowing QE3 [FT] $$$ Bernanke Rejects Currency War Charges [WSJ] $$$ "Perhaps if we paid more money we’d have skilled associates." Instead you have bill padding. [DealBook] $$$ Tesla's Elon Musk tweets about big announcement for Thursday [CNET] $$$ "Hiring Richard Fuld is potentially so hazardous, he requires his own risk factor." [Overheard] $$$ The Most Expensive T-Shirt in New York City Costs $91,500.00 [The Awl]

Write-Offs: 04.03.13

$$$ Cohn Says Banks Other Than Goldman, JPMorgan Retrenching [Bloomberg] $$$ Ex-Goldman trader Taylor pleads guilty to wire fraud [Reuters] $$$ Bundesbank launches Deutsche probe [FT] $$$ Bank of Canada searches far and wide for Carney's successor [Reuters] $$$ Huey Lewis and Weird Al Reenact Classic American Psycho Scene in Honor of Sports’ 30th Birthday [Gawker] $$$ Government Watchdog Faults Regulators Over Foreclosure Review [DealBook] $$$ Royal Bank of Scotland faces $6 billion investor action [Reuters] $$$ Money Is Memory [Izabella Kaminska] $$$ A man caught beating down a 56-year-old woman during a subway robbery in Borough Park wore a college fraternity sweatshirt with his nickname on it, law enforcement sources said. Aidan Folan, 21, was caught on camera wearing his favorite Alpha Phi Delta hoodie with custom lettering on the back that reads, "Stugotz 27," sources added. The Italian slang term roughly translates to "testicles" and is so loved by the suspect he chose it and the number "27" for his Facebook page, sources added. [NYP] $$$ Justin Bieber’s Pet Monkey Quarantined in Germany [Time]