Write-Offs: 06.11.13

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Jun 11, 2013

$$$ When Tracy Britt arrived in Omaha, Neb., in 2009 to meet with Warren Buffett, she brought a Harvard M.B.A., a glittering resume and a boatload of ambition. But she also brought the famed investor a gift to highlight their shared Midwestern roots: a bushel of corn and a batch of tomatoes. The seed Ms. Britt planted that day yielded quick results: a job for Ms. Britt as Mr. Buffett's financial assistant at Berkshire Hathaway Inc. BRKB -1.42% Almost four years later, it has blossomed further, with Ms. Britt emerging as one of Mr. Buffett's top lieutenants and even serving as chairman of four companies within his $284 billion conglomerate. [WSJ]

$$$NY U.S. prosecutors' chief media officer joining SAC's PR firm [Reuters]

$$$Dimon defends disclosures in Whale episode [Reuters]

$$$Nintendo Chief Defends Console Strategy [WSJ]

$$$Only 5 percent wash hands correctly [MSU]

$$$S.E.C. Fines Options Exchange for Lax Oversight [Dealbook]

$$$Italian Bankers to Get Fast-Track Trial [WSJ]

$$$Subway Pole Dance-Off Somehow Ends Peacefully [Daily Intel]

Citadel v Citigroup; Everyone hates hedge fund fees; 'Dennis Rodman’s ranting saved me from North Korean gulag' and more.

$$$ S.E.C. Acts on Suspicious Heinz Trading [DealBook] $$$ Facebook says target of sophisticated hacking attack [Reuters] $$$ Gleacher Won't Explore Merger for Now [WSJ] $$$ Berlusconi defends need for bribery [FT] $$$ "My grandkids always beat me at Rock Band. And I say, Listen, you may beat me at Rock Band, but I made the original records, so shut up." - Paul McCartney [Arts Beat] $$$ A multi-strategy hedge fund is looking for an FX quant/strategist in NY, Chicago or London [DBCC] $$$ Warren Buffett might buy some other companies, or he might not [Bloomberg] $$$ Warren Buffett’s Kind of Deal [DealBook] $$$ Dealpolitik: Heinz Deal Introduces a New Twist on Reverse Breakup Fees [Deal Journal] $$$ Could Dodd-Frank be unconstitutional? No? [Wonkblog] $$$ San Diego shocked by ex-mayor’s BILLION-dollar gambling losses [AP]

Greece might be out of $$$ by March, Radioshack might be out of business by tonight, Sony will lose $15 million on hack, "Pigeon Pageant Lets Underappreciated Birds Strut Their Stuff." AND MORE.

$$$ Mortgage Lenders See Tighter Credit Under New U.S. Rules [Bloomberg] $$$ 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]