Write-Offs: 01.25.13
$$$Stocks Near New Heights as Small Investors Regain Faith [NYT]
$$$J.P. Morgan Risk Officer Taking Leave of Absence [WSJ]
$$$Soros Says Hedge Funds Can’t Beat Market Because of Fees [Bloomberg]
$$$UBS Chairman proposes industry-wide settlement over Libor [Reuters]
$$$ "One explanation for the confusion is that many things that are considered normal in finance look like fraud to almost everyone else." [Free Exchange]
$$$Outcry Over Bid to Make Water Cheaper Than Beer [WSJ]
$$$ An investment management firm is looking for a senior investment associate to research credit hedge funds in D.C. [DBCC]
$$$Europe's Banks Rush to Repay ECB Funds [WSJ]
$$$U.S. Court Ruling Threatens Consumer Bureau Decisions [Bloomberg]
$$$Italy's Monte Paschi faces shareholder fury as scandal widens [Reuters]
$$$ You may be surprised to learn that "the president and chairman of Mortgage Xpress, Inc. (subsequently renamed The Alternative Energy Technology Center, Inc.)" was sued by the SEC [SEC]