Write-Offs: 03.08.13

$$$ Author of the spectacularly wrong ‘Dow 36,000′ has new thoughts on the stock market [Wonkblog] $$$ Fitch Downgrades Italy's Credit Ratings [WSJ] $$$ SEC: Goldman cannot ignore proposal to split chairman, CEO roles [Reuters] $$$ Talk of US high-yield 'bubble' is overdone [Reuters] $$$ "Even as some venture-capital firms have become skittish after the disappointing initial public offerings of Facebook, Groupon Inc. and Zynga Inc. - all of which were venture-backed — a number of hedge funds, private-equity firms and other asset-management firms are pouring money into closely held startups." [WSJ] $$$ George W. Bush’s Art Teacher Says He’s Painted 50 Dogs [Gawker] $$$ A boutique multi-strategy hedge fund in San Francisco is looking for a C++ programmer to help build an HFT platform [DBCC] $$$ AIG to Redeem $1.1 Billion of Debt in Path to Dividend [Bloomberg] $$$ "The Fed said the median loss from commercial and industrial loans across the 18 banks tested would be 6.5 percent under the severely adverse scenario. But Goldman's loss would be a stunning 49.6 percent." [NetNet / John Carney] $$$ Identifying Term Interbank Loans from Fedwire Payments Data [FRBNY] $$$ S&P Ratings Debate Doesn’t Show Fraud, Peterson Says [Bloomberg] $$$ Q. Do you ever throw your weight around during Internet arguments? Like, "I knew you were going to compare me to Hitler because I AM MIKE GODWIN." A. I never do that. [DI]
Author:
Updated:
Original:

$$$Author of the spectacularly wrong ‘Dow 36,000′ has new thoughts on the stock market [Wonkblog]

$$$Fitch Downgrades Italy's Credit Ratings [WSJ]

$$$SEC: Goldman cannot ignore proposal to split chairman, CEO roles [Reuters]

$$$Talk of US high-yield 'bubble' is overdone [Reuters]

$$$ "Even as some venture-capital firms have become skittish after the disappointing initial public offerings of Facebook, Groupon Inc. and Zynga Inc. - all of which were venture-backed — a number of hedge funds, private-equity firms and other asset-management firms are pouring money into closely held startups." [WSJ]

$$$George W. Bush’s Art Teacher Says He’s Painted 50 Dogs [Gawker]

$$$ A boutique multi-strategy hedge fund in San Francisco is looking for a C++ programmer to help build an HFT platform [DBCC]

$$$AIG to Redeem $1.1 Billion of Debt in Path to Dividend [Bloomberg]

$$$ "The Fed said the median loss from commercial and industrial loans across the 18 banks tested would be 6.5 percent under the severely adverse scenario. But Goldman's loss would be a stunning 49.6 percent." [NetNet / John Carney]

$$$Identifying Term Interbank Loans from Fedwire Payments Data [FRBNY]

$$$S&P Ratings Debate Doesn’t Show Fraud, Peterson Says [Bloomberg]

$$$Q. Do you ever throw your weight around during Internet arguments? Like, "I knew you were going to compare me to Hitler because I AM MIKE GODWIN."
A. I never do that.
[DI]

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