Write-Offs: 04.17.13

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Apr 17, 2013

$$$Investigators Say Video Points to Boston Bomb Suspect [NYT]

$$$Gun background check compromise, assault weapon ban fail in Senate [WaPo]

$$$Fed Officials Say Big Banks May Need More Capital [WSJ]

$$$Fears over weak earnings hit Apple [FT]

$$$KFC Introduces New Boneless CEO [The Onion]

$$$Why BofA ponied up $500 mln in biggest-yet MBS class deal [Reuters]

$$$ CNBC talks second derivatives [CNBC]

$$$Rising Bank Profits Tempt a Push for Tougher Rules [DealBook]

$$$North Korea Disco Visit No Laughing Matter [Bloomberg]

$$$ "A 68-year-old Gem Lake, Minnesota, retiree who alleges he was "jumped, kicked and beaten" by police officers and store security after he walked off with 1.4 pounds of summer sausage and beef sticks that had been set out as free samples might not actually become the poster boy for pitfalls of supermarket courtesy culture, but he should be." [Grub Street]

$$$ Facebook Posts Loss, But Emphasizes Mobile Growth $$$ LightSquared Executives Get $6 Million in Bonuses Approved by Judge [Deal Journal] $$$ Bernanke QE3 Stocks Miss Greenspan Irrational Exuberance [Bloomberg] $$$ ‘I’m Quite Concerned About Fiscal Cliff’: Greenspan [CNBC] $$$ Argentina won't kneel down before 'vulture funds,' says Cabinet Chief [BA Herald] $$$ Gupta is no Rajaratnam. Gupta tipped inside information about one company to Rajaratnam, while Rajaratnam traded on confidential information collected from many sources. So you’d expect that Gupta would be treated differently when he appears for sentencing. Federal sentencing guidelines, however, suggest a prison term for him that’s similar in length to the 11 years Rajaratnam is serving. And prosecutors want a sentence within those guidelines, just as they want for the hundreds of defendants sentenced in federal courts nationwide every day. Because what Gupta and Rajaratnam did is so different, though, sentencing Gupta to anything like the time Rajaratnam is serving undermines the whole purpose of the sentencing scheme that prosecutors say they want to uphold. [Slate] $$$ For several years now, Marc Lasry, the co-founder of Avenue Capital, has decorated his mansion on East 74th Street with bloodied bodies hanging from the balcony, skeleton heads, a giant inflatable ghost, swinging bats and a life-size, clothed skeleton affixed to a tree on the sidewalk. One afternoon last week, tourists and children gathered to take pictures of a dancing skeleton beside the front door. It was singing “Super Freak.” (Perhaps in the spirit of competition, the hedge fund manager Philip A. Falcone and his wife, Lisa Maria, have lavishly decorated the exterior of their 27,525-square-foot house on East 67th Street even though it is currently a construction site.) [NYT via BI] $$$ Adveq, a leading asset manager investing in private equity and real asset funds globally, is looking for an investor relations and development representative for North America [DBCC] $$$ Former Soros CIO nears launch of Anderson Global Macro early next year [AR] $$$ Wall Street Is Rethinking Commodity-Trading Role [WSJ] $$$ This is a story about LBO companies getting equity financing from long-only investors to pay down debt to manageable levels before an IPO [Term Sheet] $$$ This is a story about a management consultant who is also a self-published poet [BBW] $$$ "My wife ... penetrated to the heart of the debate in a single sentence tonight when, only about 15 minutes into the exchange, she observed: 'Romney’s flag pin is much larger than Obama’s flag pin.'" [NR] $$$ Obama Takes Out Romney With Mid-Debate Drone Attack [The Onion] $$$ NYC-Based Soup Chain Offers Free Cup of Soup, Personal Service from a ‘Cunt’ Named Mary [Gawker]

$$$ Nasdaq, Carlyle Discussed Deal [WSJ] $$$ Investing in Water Good Long-Term Bet, Goldman Head Says [Bloomberg] $$$ U.S. judge speeds up schedule in Apple vs Einhorn case [Reuters] $$$ Here you can read a debate about central banking and bubbles [Free Exchange, Money Illusion] $$$ Sports Illustrated Celebrates Launch of the 2013 Swimsuit Franchise by ringing the bell at the NYSE [NYX] $$$ A leading boutique investment bank is looking for a Healthcare associate or VP in New York [DBCC] $$$ Porsche Manipulation Probe Extended to Supervisory Board [Bloomberg] $$$ Bank of New York loses bid for $900 mln tax benefit [Reuters] $$$ RBS chairman says CEO's pay is "modest" [Reuters] $$$ Maker’s Mark Is Watering Down Its Bourbon [Grub Street]

Cohen's Point72 hires sports psychologist as 'performance coach'; A hedge fund queen is getting it done; Waiter Causes Steakhouse Nightmare by Accidentally Stabbing Customer; and more.

Ex-Nomura trader says bank crucified him over client demise; Kashkari's push to end TBTF; Yankee stadium makes America great again with the 'Grub Tub'; and more.

Bond crisis coming; Herbalife's "come back"; "Is Business School Gutting the Economy?"; Edible coffee cups; Llamas; Owls.