Write-Offs: 03.05.13

$$$ Dow Hits Highest Close Ever [WSJ] $$$ Venezuela's Hugo Chavez dies from cancer [Reuters] $$$ FBI joins SEC in computer trading probe [FT] $$$ Wall Street 'Deal Toy' Indicator Flashes a Bullish Sign [CNBC] $$$ A Friendly Conversation with a Banker [The Billfold] $$$ There Is A Petition To Make R Kelly's “Ignition (Remix)” The National Anthem [BuzzFeed] $$$ An international trading house is looking for a Dodd-Frank compliance officer for its swap dealer business [DBCC] $$$ Citigroup Books $579M for Pay Plan Shareholders Panned [Bloomberg] $$$ Board Patience Wears Thin at Penney [WSJ] $$$ Buybacks, M&A, and de-equitisation [FTAV] $$$ ISDA to Send Credit-Default Swaps Changes to Traders [MarketBeat] $$$ The FBI is looking for a drone, if you've seen it [FBI]

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Mar 5, 2013

$$$Dow Hits Highest Close Ever [WSJ]

$$$Venezuela's Hugo Chavez dies from cancer [Reuters]

$$$FBI joins SEC in computer trading probe [FT]

$$$Wall Street 'Deal Toy' Indicator Flashes a Bullish Sign [CNBC]

$$$A Friendly Conversation with a Banker [The Billfold]

$$$There Is A Petition To Make R Kelly's “Ignition (Remix)” The National Anthem [BuzzFeed]

$$$ An international trading house is looking for a Dodd-Frank compliance officer for its swap dealer business [DBCC]

$$$Citigroup Books $579M for Pay Plan Shareholders Panned [Bloomberg]

$$$Board Patience Wears Thin at Penney [WSJ]

$$$Buybacks, M&A, and de-equitisation [FTAV]

$$$ISDA to Send Credit-Default Swaps Changes to Traders [MarketBeat]

$$$ The FBI is looking for a drone, if you've seen it [FBI]

$$$ Happy Birthday, Jamie Dimon [DealBook] $$$ There's a pope [DI] $$$ EU May Put Short-Term Bank Creditors in Firing Line for Losses [Bloomberg] $$$ End Looming for Paper Certificates [WSJ] $$$ Is Insider Selling A Concern? (No) [TBP] $$$ I Emailed the CEO of Bank of America to Fix My Credit Score (And He Did) [The Billfold] $$$ A high frequency trading fund is looking for a senior compliance officer in New York [DBCC] $$$ Former Pimco Executive Files, Then Withdraws, Suit Alleging Misconduct [DealBook] $$$ Lehman creditors can question 'London Whale' - judge [Reuters] $$$ New Dell suitors don't make much sense [Fortune] $$$ Goldman Sachs ventures west for annual meeting in Salt Lake City [Reuters] $$$ New York City to Ban Awls [The Awl]

$$$ Greek left attacks ‘barbarous’ austerity [FT] $$$ Facebook Facebook Facebook Facebook [WSJ/FT/CNBC/Reuters] $$$ Freddie Mac Chooses CEO [WSJ] $$$ After McClendon's trades, Chesapeake board gave blessing [Reuters] $$$ Tim Sykes is still doing things [BetaBeat, earlier] $$$ "A bank robbery, in our imagination, provides the robber with a one-off high-risk opportunity to become incredibly wealthy, in comparatively guilt-free fashion: No one but the corporation loses any money, so, what the fuck? That used to be the case, but due to inflation — as well as a host of other factors — it no longer is." [The Billfold] $$$ CIBC Global Asset Management is looking for a high yield VP in Toronto [DBCC] $$$ House Republicans are complaining that the Fed is helping the economy too much, causing House Republicans not to want to help the economy [Real Time Economics] $$$ Could a Stock ETF Cloak Its Portfolio? [WSJ] $$$ Green Mountain Chairman Replaced After Stock Sales [WSJ] $$$ Nomura is growing headcount [Bloomberg] $$$ “It lived alongside our ancestors, and it probably ate them,” said Christopher Brochu, an associate professor of geoscience at the University of Iowa and a study author. “We don’t actually have fossil human remains with croc bites, but the crocs were bigger than today’s crocodiles, and we were smaller, so there probably wasn’t much biting involved.” [Bloomberg]

$$$ Fed Extends Twist, Signals Concerns [WSJ] $$$ Reasons to be sad about the Fed [Tim Duy] $$$ Berlusconi Casts Doubt on Austerity Plan [WSJ] $$$ Rompuy Blueprint Said To Include Options On Debt, Bank Oversight [Bloomberg] $$$ Standstills in Change of Control Transactions [HLS] $$$ With all words from Greek, Roman, Norse, etc. myths already taken, Peter Thiel named a fund after a metal from The Lord of the Rings [DI] $$$ A leading New York hedge fund is looking for a general counsel - could it be you? [DBCC] $$$ Regulators Back Off Tougher Curbs on Oil [WSJ] $$$ Ex-Orioles player Eddie Murray is part of insider trading inquiry [Reuters] $$$ The Mormon Madoff: How Shawn Merriman Scammed Millions $$$ NYSE CEO: Public Has Lost Trust inMarket [WSJ] $$$ Madam still stuck at Rikers [NYP]

$$$ Foreclosure Settlement Amounts to Peanuts for Most Borrowers [AB] $$$ FBI probes trading as KPMG quits as Herbalife, Skechers auditor [Reuters] $$$ Big Dell Shareholder Prefers Two Rival Bids [DealBook] $$$ Ackman may be eyeing exit as JC Penney bet in tatters [Reuters] $$$ The leverage story banks want to hide [FT] $$$ DirecTV Adds DogTV Channel to Appeal to Canine Audience [Bloomberg] $$$ Regulators Are Concerned About Municipal-Bond Deals [WSJ] $$$ Activist Investors Find Allies in Mutual, Pension Funds [CNBC] $$$ Pimco's Gross Turns Positive on 10-Year Treasurys [WSJ] $$$ Swap traders’ morning fix under scrutiny [FT] $$$ Former Vice Mayor of Tennessee Town Accused of Terrorizing Dozens of Women with ‘Drive-By Masturbation’ [Gawker]

$$$ "UBS AG, Switzerland’s biggest bank, fired its head of credit-default swaps index trading, David Gallers, last week, with no plan to fill the position, according to two people familiar with the matter. Instead, the bank replaced Gallers with computer algorithms that trade using mathematical models." [Bloomberg] $$$ Morgan Stanley should not boost bond trading: analyst [Reuters] $$$ Sheila Bair has a crazy plan for Congressional pay-for-performance [Fortune] $$$ Goldman Research Implies Big Obama Electoral Win [Deal Journal] $$$ “One of the most striking differences between U.S. presidents is how they choose to stock the White House bar.” [TMN via The Hairpin] $$$ A premium bank is looking for an analyst or associate candidate for the Corporate Strategies group within the investment banking division in New York[DBCC] $$$ Recycled legal claims make banks look like victims [Breakingviews] $$$ Citigroup Discloses Libor Inquiry in Singapore [WSJ] $$$ “Some genius paired 50 Cent's In Da Club with a video put out by the Jehovah's Witnesses to encourage deaf people not to masturbate” [Kottke] $$$ Defendant In Murder Trial Who Wanted To Get Back To His Cell In Time For Monday Night Football: “I Did it, So What?” [Deadspin]

$$$ Swelling Bond Yields Add to EU Pressure [WSJ] $$$ Goodbye Smith Barney [DealBook] $$$ A Marxist take on the European Central Bank [Slack Wire] $$$ Izzy Kaminska: "If it is true that the system can increasingly provide a base level of existence for ever more people for almost no cost, should we be surprised that those western countries where a base level of existence is adequate — because of weather, surroundings and general environment — are the first to opt out of unnecessary human productivity?" [FTAV] $$$ Corporate political giving is negatively correlated with market performance for most companies, positively correlated with performance for firms in highly regulated industries [Rice via WonkBlog] $$$ Mitt Romney and "Sport," a Continuing Saga [MoJo] $$$ CRT Capital Group is looking for a credit product sales assistant in Stamford [DBCC] $$$ SEC Charges 14 Sales Agents In $415 Million Long Island-Based Ponzi Scheme [SEC] $$$ Greek Antiquities, Long Fragile, Are Endangered by Austerity [NYT] $$$ The Volume Clock: Insights into the High Frequency Paradigm [SSRN via MR] $$$ Someone at ISDA appears to have the job of pointing out when Gretchen Morgenson is wrong about derivatives [ISDA] $$$ The explosion of the yacht named Blind Date was a hoax [NYP]

$$$ Cliff Asness: The Hidden Tax Behind Wall Street Reform [WSJ] $$$ Banks’ Debt Addiction Said to Face Scrutiny at Basel Group [Bloomberg] $$$ Citigroup Joins Roster of Banks Advising Dell Buyout [Deal Journal] $$$ Bloomberg: still really into the $83bn TBTF subsidy [Bloomberg, earlier, etc.] $$$ Ms. White got a warmer welcome from some members of the panel, which is set to vote on her nomination before it moves to the full Senate. "The more I find out about you, the more I like you," said Sen. Tom Coburn (R., Okla.), adding that he had already decided to support her nomination. Sen. Charles Schumer (D., N.Y.), introducing Ms. White at the beginning of the hearing, described the lighter side of a woman known mostly for locking up terrorists and mobsters. He told the packed hearing room that Ms. White served as chairman of the American Society for the Prevention of Cruelty to Animals, likes to "crack open a cold can of Bud" and was effective on the basketball court as a member of a New York women's basketball league. [WSJ] $$$ A sinkhole swallowed a golfer on the 14th fairway [DM] $$$ A resource focused boutique investment bank is looking for an associate in New York [DBCC] $$$ An Asset Manager’s Guide to Swap Trading in the New Regulatory World [DPW] $$$ SEC asked Goldman to disclose more about illiquid assets - filings [Reuters] $$$ Funds pick Credit Suisse over UBS on revamp risks [Reuters] $$$ "There is nothing funny about these photos, in which Mitt Romney celebrates his 66th birthday by eating fluffernutter cupcakes and wearing a stupid birthday hat." [DI] $$$ 'Wolf of Wall Street' Gets $1M Pay Day for Movie Rights [FBN]

$$$ Catalonia Asks Spanish Government for Emergency Funds [NYT] $$$ Asia's Tide of Cash Hems in Policy Makers [WSJ] $$$ Morgan Stanley Win On Brokerage Would Be Pyrrhic Victory [Bloomberg] $$$ Paulson Assures Bank of America in Call [WSJ] $$$ "When I asked a PE tax attorney if what Bain is doing is allowed, she told me that 'allowed' and 'not allowed' isn't always the right way to think about it." Tax lawyers! [Term Sheet] $$$ The CFA Institute comes out against Great Idea Corp. [Forbes] $$$ Shia LaBeouf Got Into Character for Upcoming Film by Dropping Acid On Set [Gawker] $$$ William Blair is looking for an experienced associate for its technology investment banking group in San Francisco [DBCC] $$$ S.E.C. Charges 8 With Insider Trading in Sanofi Deal [DealBook] $$$ ISM sells a low-latency feed of its business data to Reuters [MarketBeat] $$$ “There’s an idea that when a lawyer or law firms are going to get a big payment, that there’s something somehow wrong about that, just because it’s a lawyer. I’m sorry, but investment banks have hit it big, a lot bigger the plaintiffs’ lawyer firms have hit it big. They’ve hit it big many times.” This Law Blog story on the Grupo Mexico verdict is kind of amazing. [WSJ Law Blog] $$$ Wall Street Rocker Gary Marks Settles With SEC Over Whether Knew What He Was Talking About [NYO] $$$ "There were no workers that were forced to attend the event. We had managers that communicated to our work force that the attendance at the Romney event was mandatory, but no one was forced to attend the event." [Raw Story] $$$ Hitler clothing store in India asked to change name [JTA]