Write-Offs: 02.25.13
$$$Italy Vote Shows No Clear Winner, as Berlusconi Rises [WSJ]
$$$Remember That $83 Billion Bank Subsidy? We Weren't Kidding [Bloomberg, earlier]
$$$ "All the efforts to calculate the cost of equity capital from equity market correlations are bogus." [Aleph Blog]
$$$ "There appears to be a growing trend in dying industries: The bosses want to hold their bedside vigils in private." [Deal Journal]
$$$Banks to sell complex CDS books [IFR]
$$$ "As an excellent student with advanced people skills and an exciting resume, with a desire to be part of a challenging, energetic, and reputable organization, I will be a valuable addition to The Catholic Church as your new Pope." [McSweeney's]
$$$ A top-tier investment management firm is looking for a VP, behavioral finance specialist in New York [DBCC]
$$$Wells Fargo Role in Heinz Deal Is Credit Negative, Moody’s Says [Bloomberg]
$$$Leveraged loan market on fire [Sober Look]
$$$Banks Face Key Hurdle in Libor Fight [WSJ]
$$$RBS plans IPO for U.S. arm Citizens in next two years [Reuters]