Write-Offs: 08.13.13

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Updated:: Jan 14, 2019
Original:: Aug 13, 2013

$$$U.S. Agrees Not to Prosecute 'London Whale' [WSJ]

$$$Fed's Yellen Says Stance on Banks Hardened [WSJ]

$$$SEC wins dismissal of lawsuit over handling of $7 billion Stanford fraud [Reuters]

$$$Ackman said in an interview with Charlie Rose recorded today that his investment in J.C. Penney so far has been a “disappointment.” “We got too much credit�� for hiring Ron Johnson, when it was the entire board’s decision, Ackman said. “And when the business failed, I probably got too much of the blame.” [Bloomberg]

$$$Here Are Two Young Women Digging For Cronuts In The Trash [Gothamist]

$$$U.S. Shrimp Producers Get a Win With Trade Ruling [WSJ]

$$$Seth Klarman, other hedge funders behind likely Cory Booker win [HFI]

$$$ While handcuffed in the back of a patrol car following a drunk driving arrest, the 23-year-old Floridian attempted to urinate out the window of the moving car, an audacious effort that failed miserably when Langford “misaimed” and showered the cruiser’s interior with urine, according to the police report. [TSG]

$$$ Pierre-Henri Flamand is closing his event-driven hedge fund Edoma because there are no events [WSJ] $$$ Global Regulators to Cut List of Too-Big-To-Fail Banks to 28 [Bloomberg] $$$ Wells Seeks Mortgage-Suit Dismissal, Citing Redundancy [WSJ] $$$ Bloomberg endorses Obama [Bloomberg View] $$$ So does Whitney Tilson [BBW] $$$ Obviously there is a Harvard Business School Gangnam Style video [YouTube] $$$ The SEC is looking for a graphic artist / web designer in DC [DBCC] $$$ "Bernanke Depression Guru Seeks Roosevelt Well-Being" [Bloomberg] $$$ "The guide's popularity offers a glimpse into the world of aspiring management consultants" [WSJ] $$$ "Over the last 60 years, poll questions that asked people which candidate they expected to win have been a better guide to the outcome of the presidential race than questions asking people whom they planned to vote for." [NYT] $$$ Yield is the Last Refuge of Scoundrels [Aleph Blog] $$$ Cory Booker Not Taking Hot Pocket Crisis Seriously [DI]

$$$ Bank Earnings: J.P. Morgan and Wells Fargo Preview [Deal Journal] $$$ JPMorgan Analysts Say Big Investment Banks Are ‘Uninvestable’ [Bloomberg] $$$ The state of investment banking today: Morgan Stanley’s definitive guide [eFC] $$$ To trade or not to trade, when the Fed sends you inside info [Reuters] $$$ How Do You Run Goldman Sachs Out of Town? [DI] $$$ The Winklevii have a lot of bitcoins [DealBook] $$$ Top Bankers Agree with Obama: Recovery Coming [FBN] $$$ Lisbon struggles to avoid second bailout [FT] $$$ Singer Denial Failing to Quell Win-Win Charge: Argentina Credit [Bloomberg] $$$ A New Look at the Role of Sovereign Credit Default Swaps [IMF] $$$ UBS cap intro chief Rob Sachs jumps to Bank of America [HFI] $$$ Man Tries to Saw Off His Arms at California Home Depot [ABC]