Write-Offs: 01.30.13

$$$ Facebook Earnings Beat; Profit Margin Falls Sharply [CNBC] $$$ U.S. Economy Unexpectedly Contracts in Fourth Quarter [WSJ] $$$ Is Renaissance Technologies Falling off the Mark? [II Alpha] $$$ Draghi Bank of Italy Knew of Monte Paschi Missteps in ’10 [Bloomberg] $$$ New BlackBerry won't have BrickBreaker [DealBook] $$$ Deutsche Bank is looking for a sales officer for trade finance solutions in New York [DBCC] $$$ Venezuela's bonds have had a 14.7% annual return [Bloomberg] $$$ Goldman Sachs braces for bond market blow up [Fortune] $$$ Treasury Posts Losses on TARP Auctions [WSJ] $$$ "What is the problem with Internet trolls? Why do people dislike them so much? Is it just an example of following-the-herd mentality? Some kind of deeper prejudice? A love of bridges? What is the source of this animosity? Why does it perpetuate itself? Where did this prejudice come from?" [The Awl]

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Jan 30, 2013

$$$Facebook Earnings Beat; Profit Margin Falls Sharply [CNBC]

$$$U.S. Economy Unexpectedly Contracts in Fourth Quarter [WSJ]

$$$Is Renaissance Technologies Falling off the Mark? [II Alpha]

$$$Draghi Bank of Italy Knew of Monte Paschi Missteps in ’10 [Bloomberg]

$$$ Deutsche Bank is looking for a sales officer for trade finance solutions in New York [DBCC]

$$$ Venezuela's bonds have had a 14.7% annual return [Bloomberg]

$$$Goldman Sachs braces for bond market blow up [Fortune]

$$$Treasury Posts Losses on TARP Auctions [WSJ]

$$$ "What is the problem with Internet trolls? Why do people dislike them so much? Is it just an example of following-the-herd mentality? Some kind of deeper prejudice? A love of bridges? What is the source of this animosity? Why does it perpetuate itself? Where did this prejudice come from?" [The Awl]

$$$ Goldman not negligent in arranging Dragon sale - jury [Reuters, earlier] $$$ 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]

$$$ The ECB's unlimited bond buying may be limited to already outstanding bonds [FTAV] $$$ Fed Officials Weigh In On Central Bank's Action [WSJ] $$$ Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them [HuffPo] $$$ Terrorists may or may not have slowed down Bank of America's website [Reuters] $$$ Pimco’s QE3 Distaste Grows as Peso Bond Bet Fades: Mexico Credit [Bloomberg] $$$ Fake Bloomberg Headlines [Twitter] $$$ TIAA-CREF is looking for a manager for asset allocation and investments in New York [DBCC] $$$ Court allows Greenberg suit to proceed over AIG bailout [Reuters] $$$ Lehman Sues J.P. Morgan Over Derivatives Claims [WSJ] $$$ The new mortgage-backed security in a renter's world [Fortune] $$$ Alibaba Completes $7.6 Billion Repurchase of Yahoo Stake [Bloomberg] $$$ Is This Guy A Member Of Maroon 5? [BF]

$$$ JPMorgan is the best place to work, according to the Vault Guide [DealBook] $$$ "Morgan Stanley's wealth management chief, Greg Fleming, has just concluded a seven-city tour of the firm’s brokerage offices in an attempt to stem a broker revolt over the company’s new technology system that contains so many glitches that brokers often cannot sign-up new clients." [FBN, earlier] $$$ Ex-Jet Chrebet Among Top Wealth Managers Leaving Morgan Stanley for Barclays [Deal Journal] $$$ A fourth trader under scrutiny in JPM "Whale" probe [Reuters] $$$ "What the ECB is doing, in essence, is setting itself up as the shadow government of Italy, Spain, Portugal, and perhaps Ireland." [Slate / Matt Yglesias] $$$ Court to decide if lap dancing is a tax-exempt art form [USAT] $$$ Morgan Stanley Smith Barney is looking for a suspicious activity monitoring and investigations analyst [DBCC] $$$ Greenhill Expands Capital Advisory Group [DealBook] $$$ Investors are buying California school district bonds [WSJ] $$$ The ‘mystery Libor’ precedent [FTAV] $$$ Why Yes, It Is Time for Homemade Satellites [BBW] $$$ What Famous People Smell Like [The Awl]

$$$ Argentina to Seize Control of Oil Firm [WSJ] $$$ World Bank picks Kim as next head [FT] $$$ Coty Tries to Rally Support for Avon Bid Amid Skepticism [DealBook] $$$ Brazil Cannibal Empanadas: Brazilian Women Murdered, Eaten And Made Into Human Pastries [HuffPo, congrats on the Pulitzer] $$$ PIMCO is looking to fill tax manager positions - in regulated and private funds - in Newport Beach [DBCC] $$$ New York Jets All-Pro D'Brickashaw Ferguson, will be on Wall Street (Exchange Place and Broad Street) at 3:45pm tomorrow as part of The Decathlon 2012. Ferguson will be demonstrating how The Decathlon uses performance-based donating ('charitybets') to raise money to support Memorial Sloan-Kettering Cancer Center. He'll be charitybetting on any Wall Streeter to come out and participate in a Vertical Jump contest. Ferguson will have a Vertec (devise used at the NFL Combine to test vertical leaping) and a few thousand dollars - CASH - to donate to MSKCC. Jump 24-inches, Ferguson donates $100. Jump $26-inches, Ferguson donates $200. And so on and so forth. Registration for The Decathlon 2012 opens Tuesday, April 17th. The event is on Sunday, July 29th at Columbia University's Wien Stadium. $$$ For Two Economists, the Buffett Rule Is Just a Start [NYT] $$$ Following Other People's Stock Picks Just Got Easier but why? [Bloomberg] $$$ What is Carney talking about? [Reuters / Ben Walsh] $$$ ECB staff demand inflation protection [Money Supply] $$$ Rock Out With Your Cock Out: Penis Warmers Are Now a Thing [Fashionista] $$$ Breasts lead to arrest of Anonymous hacker [CNET]

$$$ Fed Is 'Playing a Game With Us:' Pimco's Gross [CNBC] $$$ Bundesbank steps up pressure on Draghi [FT] $$$ Broker departures accelerate at Merrill Lynch [Reuters] $$$ The head of credit trading at Credit Suisse has been fined £210,000 for disclosing confidential information about a forthcoming €2.5bn bond issue after inviting a UK fund manager to “play charades” and guess the identity of the issuer. Nicholas Kyprios encouraged a fund manager who had been invited by Credit Suisse to a roadshow in November 2009 for an unnamed company to guess the issuer, using phrases like “you’re getting warmer”, the Financial Services Authority said. [FT] $$$ How would you like to be a Fixed Income Business Management Analyst for BlackRock in New York? [DBCC] $$$ Goldman Hires a New P.R. Chief $$$ Euro Zone Split over Financial Transaction Tax [Der Spiegel] $$$ Fred Wilpon's lawyers have planned a whole range of distractions for their Madoff trial [WSJ, related] $$$ Robert Lacoursiere, the Paulson & Co. partner who oversaw the $23 billion hedge fund’s team of banking analysts, quit last week after four years to start his own fund, according to a person with knowledge of the matter. [Bloomberg] $$$ Manhattan madam's 'sidekick' turns herself in, released on $100K bail [NYP]

$$$ More Probes Add to Barclays's Woes [WSJ] $$$ Corzine Searches for What's Next [WSJ] $$$ London Whale’s Boss Martin-Artajo Sued by JPMorgan [Bloomberg] $$$ “The growth in [European government bond] futures volumes is unbelievable,” said one senior credit trader. “The same short interest still exists – economically it’s identical. If you thought the short interest was hurting the market then it makes no sense to say cleared derivatives are good and OTC derivatives are bad.” [IFRE] $$$ Remember: it's not Halloween if you're in New Jersey [nj.gov via Counterparties] $$$ Dear College Kids, If You Dress in an Ironically Racist or Insensitive Costume, You May Get Punched In the Nose Like I Did [Gawker Updates] $$$ A private equity firm is looking for an associate in San Francisco [DBCC] $$$ When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads [NY Fed] $$$ Citigroup Staff Uprooted for Weeks as Sandy Slams Wall Street [Bloomberg] $$$ On Mayor Bloomberg's sign-language interpreter: "The perception that we non-signers have that these hand movements and facial expressions are particularly 'animated' and 'expressive' is precisely due to our lack of experience with them as linguistic features." [LL] $$$ Bloomberg on hurricane sushi, part 2 [BBW, earlier] $$$ Baby walrus rides out hurricane at NYC aquarium WITH VIDEO [MSNBC]

$$$ Mortgage Lenders See Tighter Credit Under New U.S. Rules [Bloomberg] $$$ Draghi Defends Bond Buying Program [WSJ] $$$ Buffett looksfor big-ticket acquisition [FT] $$$ "European sovereign CDS tends to be priced in dollars, for instance, but CSAs might allow counterparties to post less valuable currencies (such as euros) to one another. This should theoretically alter the price of the contract materially – not least because of the correlation between the value of the euro and European sovereigns – but it appears few banks fully price in these risks." [IFR] $$$ Frank Lloyd Wright designed a doghouse; the dog hated it [Letters of Note] $$$ New Forests is looking for a senior financial analyst in San Francisco [DBCC] $$$ The Germans want to inspect the gold they store in the Fed's vaults, but John Carney has some MMT to lay on them [NetNet] $$$ "What do prefunded bank deposit guarantee schemes invest in? ... [T]hey buy the bonds of, or make deposits at, banks they guarantee. In one case it is rumoured that a scheme was reluctant to take over a bank because their own assets were deposited at it and they did not want to take losses." [DEM] $$$ Donald Trump is "very honored to have gotten President Obama to release his long form birth certificate, or whatever it was that he released," has moved on to another stunt [@realDonaldTrump] $$$ Superman quit his job to become a blogger [Mashable via MR]

$$$ Facebook to List on Nasdaq [WSJ] $$$ Egan-Jones Cuts US Credit Rating to 'AA,' Citing Debt [CNBC] $$$ Swiss Are Tested on Franc [WSJ] $$$ Jefferies Ends First Quarter With Short Position on Spain [Bloomberg] $$$ ABS shows Greek bonds can pay par [IFR] $$$ Hyenas Give Up Scavenging For Lent [LiveScience via The Hairpin, related?] $$$ Like the NYSE, we’ll be off tomorrow. Enjoy the long weekend and we'll see you Monday. $$$ Jobs News Could Be So Good That It's Bad. Or vice versa? [WSJ] $$$ Architect of Fed’s ‘Operation Twist’ quits [FT] $$$ Kozlowski Is Turned Down for Parole [DealBook] $$$ The Vulcan/Martin Marietta takeover fight is pretty nasty [Dealpolitik] $$$ Why You Should Learn to Love Pink Slime [The Atlantic / Adam Ozimek] $$$ Beer is not the main cause of the the beer belly [Guardian]