Write-Offs: 06.21.13

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$$$EU Finance Ministers Struggle With Bank Rules [WSJ]

$$$Fund manager gets 11 years for Facebook, Groupon shares scam [Reuters]

$$$ Morgan Stanley Chairman and CEO James Gorman told CNBC on Friday the recent stock drop on Federal Reserve taper talk is an overreaction and investors shouldn't let market fear take over. "Chairman Bernanke, I think, has done a tremendous job and is weening the country off as we're seeing economic recovery," Gorman said. "That the market would be skittish during this transition, given what we've been through the last five or six years, is not surprising to me." [CNBC]

$$$ Did you take your dog to work today? You should have. [CNBC]

$$$ According to RadarOnline, U.S. Magistrate Judge G.R Smith has found Paula Deen and her codefendants in their $1.2 million lawsuit “in contempt of court” for allegedly failing to turn in outtakes of Deen “cussing up a storm” and “performing a sex act on a chocolate éclair,” the site writes. Lisa Jackson, the woman suing Deen and her brother Bubba Hiers, asked the court to rule that Deen violated an order to turn over a tape of “obscene and vulgar video outtakes,” according to documents filed in a Savannah, Ga., court obtained by the gossip site. That video is said to include the 66-year-old TV chef swearing and using profane language, including a description of meal that’s “just a syrup that’s gonna stick our balls together.” [NYP]

$$$S.E.C.’s New Chief Promises Tougher Line on Cases [NYT]

$$$Chris Christie Orders Half-Staff Flags for James Gandolfini [NYM]

$$$French woman accused of disguising herself as daughter to sit for exam: The 52-year-old woman, reportedly dressed in Converse baseball boots, jeans and a lot of makeup, managed to be admitted to an exam hall in a lycée in Paris instead of her 19-year-old daughter. [Guardian]

Related

Write-Offs: 06.11.12

$$$ Euro zone discussed capital controls if Greek exits euro [Reuters] $$$ Spain's Bailout Boost Quickly Turns to Rout [WSJ] $$$ Fed Says U.S. Wealth Fell 38.8% In 2007-2010 On Housing [Bloomberg] $$$ Bankers Complain of Tension With Fed Over Pay Restrictions [Real Time Economics] $$$ David Cameron left his 8-year-old daughter alone in a pub [AP] $$$ The world's oldest animal marriage looks set to have turtley ended after an incredible 115 years when the two Giant Turtles at an Austrian zoo refused to share their cage anymore. Zoo management have called in animal experts to try and give the pair counselling - feeding them romantic good mood food and trying to get them to join in joint games - but so far without effect. Zoo boss Helga Happ said: "We get the feeling they can't stand the sight of each other anymore." Bibi and Poldi have been a pair since before anyone alive today can remember - they have been together at the Austrian zoo in Klagenfurt for 36 years and before that they lived at Basel zoo in Switzerland. Zoo boss Helga added: "They are both 115 years old - they have been together since they were young and grew up together, eventually becoming a pair. But for no reason that anyone can discover they seem to have fallen out, they just can't stand each other." [Austrian Times] $$$ Intrepid Investment Bankers LLC is looking for an M&A vice president in LA [DBCC] $$$ U.S. high court to hear Amgen securities lawsuit case [Reuters] $$$ A stupid CNBC chart [Felix Salmon] $$$ A stupid Bloomberg headline [Strange Bloomberg Headlines] $$$ A yacht named the Blind Date exploded and sank in the Atlantic Ocean off Sandy Hook, New Jersey [nj.com] $$$ Jerry Sandusky's lawyer tells a jury: "You saw those 8 photos, cute kids" [Penn Live via Deadspin]

Write-Offs: 10.23.12

$$$ Facebook Posts Loss, But Emphasizes Mobile Growth $$$ 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]