Write-Offs: 05.12.14

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$$$U.S. seeks up to 6-1/2 years in prison for SAC's Steinberg [Reuters]

$$$Bankruptcy Judge Approves Quiznos Restructuring Plan [WSJ]

$$$ “Fish stinks from the head down, more precisely, that’s the head of CEO Brady Dougan,” Ernst Schmid, a shareholder wearing a traditional Swiss edelweiss shirt, said at the bank’s annual meeting, calling for the chief executive officer’s resignation over an investigation into whether it helped Americans evade taxes. “Management always tries to sweep things under the carpet, but it’s no longer possible to hide.” [Bloomberg]

$$$Soaring prices for tech startups stir bubble fears [NYP]

$$$I Spent a Night at the Urban Cowboy, Williamsburg’s Hip, New Western-Themed Bed and Breakfast [DI]

$$$Hedge fund titans are testing the quality of US democracy [FT]

$$$Nasdaq Hires Friedman as Co-President, Likely Front-Runner to Be Next CEO [WSJ]

$$$Iowa distillery raises pigs to taste like whiskey [WQAD]

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$$$ Here's Warren Buffett's shareholder letter [BRK/A] $$$ JPMorgan No. 1 Investment Bank Amid a Flurry of New Deals [Bloomberg] $$$ Goldman Sachs trims risk-taking to lowest level in 7 years [Reuters] $$$ Look Out, Wall Street: The Goldman Sachs Partners Ball Is Back [DI] $$$ Groupon CEO Andrew Mason's severance: $378.36 [CNN] $$$ An investment bank is looking for a head of investment advisory compliance in New York [DBCC] $$$ SecondMarket to Launch Student-Loan Securities Platform [WSJ] $$$ Give us a formula, Argentina [FTAV] $$$ MBIA flags 'going concern' doubts, liquidation risk for unit [Reuters] $$$ New York Men Looking for Sequester Sex on Craigslist [DI]

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$$$ Nasdaq, Carlyle Discussed Deal [WSJ] $$$ 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]

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