Write-Offs: 5.1.15

Ex-GS programmer found guilty again; Churchill Downs makes $83 million in two minutes; Sony CEO doesn't have very nice things to say about Bill Ackman; "World Naked Gardening Day is just a day away"; and more.
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Write-Offs: 06.18.12

$$$ Clogged Credit Weighs on Fed Policy Makers [WSJ] $$$ Ex-Expert Network Consultant Pleads Guilty in Insider Case [WSJ] $$$ TCI is trying to guilt the FSA into forcing Lloyds to redeem TCI's holdings of Lloyds contingent capital bonds at above-market prices [FT] $$$ Homeowner Aid Boosts Big Banks [WSJ] $$$ World's population is 17 million tons overweight [MSNBC] $$$ Do you have plans on July 17? Do you fancy yourself a poker player? A really good poker player? Do you think you could beat David Einhorn, even if he’s working the table like it's Lehman Brothers circa 2007/2008? Do you think it would not be so awkward that the two of you could then enjoy a meal together and talk shop after which he picks up the tab? If David's not your thing, do you think you could envision yourself in the same scenario but with Bill Ackman? If you answered yes to most of the above and also consider yourself a fan of humanity, helping others and all that jazz, you should most definitely clear your schedule next Wednesday and sign up for a World Poker Tournament benefiting the Rewarding Achievement (REACH) program, which was co-founded by Bill Ackman and Whitney Tilson and gives inner-city high school students academic support and scholarships for passing AP exams. The event is taking place at Gotham Hall in New York and Einhorn (your competition) will be playing, as will Ackman and Tilson. Prizes for winners include the aforementioned meal (a lunch), with Bill, David or Seth Klarman, five nights at a “world-class private beach home in Lamu, Kenya,” a private poker lesson with 2011 WSOP bracelet winner and 2011 WPT Player of the Year, Andy Frankenberger and more. Alternatively, if you’re not one for cards but still want to help kids, you can also just register for the cocktail hour. $$$ Would you be interested in a job as a credit team director at a distressed-focused private equity firm in New York? What if I told you it's at Patriarch Partners? [DBCC, also available] $$$ Likelihood of Grexit Still 50-75%: Citi [CNBC] $$$ Alvarez Says Fed Hasn’t Seen Other JPMorgan Risk Problems [Bloomberg] $$$ Millionaire Parents Say Their Kids Are Unfit to Inherit [CNBC] $$$ New Jersey Man Allegedly Calls 911 From His Pillow Fort, Demands To Speak To Tim Tebow [DeadSpin]

Write-Offs: 3.26.15

Bill Ackman will debate a guy...for a million dollars; Tim Cook plans to give away all his money; "McDonald's Is Shilling Big Mac Clothing"; and more.

Write-Offs: 05.21.12

$$$ J.P. Morgan Suspends Share Buyback [WSJ] $$$ Bank of America's CEO 'Comfortable' With Investments [CNBC] $$$ Gupta ‘Threw Away His Duties,’ Prosecutor Says In Opening [Bloomberg] $$$ France, Germany Fail to Resolve Differences Over Euro Bonds [WSJ] $$$ U.S. lets China bypass Wall Street for Treasury orders [Reuters] $$$ MF Global's Corzine Got More Than $8 Million in Year Before Collapse [WSJ] $$$ S&P is looking for an associate to rate media and entertainment companies in Chicago - interested? [DBCC] $$$ "On average, for every additional 1% a company returned to shareholders between 2009 and 2011, the CEO was paid 0.6% more last year, the analysis found. For every 1% decline in shareholder return, the CEO was paid 0.6% less. ... In 2010, there was no correlation; for every 1% decrease in shareholder return, the average CEO was paid 0.02% more." [WSJ]$$$ Enron Ex-CEO Seeks Retrial On ‘New Evidence,’ Lawyer Says [Bloomberg] $$$ SEC move set to boost covered bonds in US [FT] $$$ With New Firepower, S.E.C. Tracks Bigger Game [DealBook] $$$ The New York Times printed a giant Gretchen Morgenson story about insider trading except there was no insider trading [Reuters / Felix Salmon, also Reformed Broker] $$$ Taxi Panel May Raise Fares Up to 20% [NYT] $$$ Gal claims she was 'too hot' to work in lingerie shop, forced to wear robe before getting boot: suit [NYP]

Write-Offs: 10.12.12

$$$ Nobel Peace Prize for European Union, Mired in Crisis [NYT] $$$ JPMorgan cuts banker pay, a sign of more frugal times on Wall St [Reuters] $$$ Goldman Ex-Programmer Asks Court to Throw Out Charges [WSJ] $$$ Workday Soars 74% in Debut [DealBook] $$$ My Employees 'Filled With Anxieties These Days': Wynn [CNBC] $$$ Secret Service agent arrested in Miami after passing out drunk on a sidewalk [NYDN] $$$ French towns launch debt strike over "toxic" Dexia loans [Reuters] $$$ Repealing Deductions Pays for 4% Tax Cuts, Study Says [Bloomberg] $$$ RBS Says Santander Drops 1.7 Billion-Pound Purchase [Bloomberg] $$$ Wyclef Jean's charity in Haiti allegedly isn't so great, though his watch collection is [NYT] $$$ Gawker gives (excellent) investing advice [Gawker]

Write-Offs: 07.18.12

$$$ Behind Credit Default Swaps Market, a Cartel Left Open to Collusion [Dealbook] $$$ Jim Chanos: Hewlett Packard Is 'Ultimate Value Trap' [CNBC] $$$ Ackman Takes Activist Stance on P&G [CNBC] $$$ Goldman CEO Blankfein Said To Meet With Obama Adviser Lew [Bloomberg] $$$ Racketeering Charges Filed in Hedge Fund Divorce [NYO] $$$ Banker Tattoos [BuzzFeed] $$$ ...every so often, Ackman and his wife whirl through their Rolodexes and invite their unattached friends to come on over to their place and spend a few hours meeting other singles. In this day and age of internet dating, the Ackmans like to give that stressful process a personal touch. And last night was one of those nights when the man who runs $10 billion Pershing Square Capital Management and his wife Karen, who trained as a landscape architect, threw open the doors and hoped for the best. While no officials statistics have been kept, people who have attended the events say plenty of people have found their mates here. At this week’s event? Roughly 200 people attended, according to someone who was there. [Reuters, earlier] $$$ "Dozens of traffic signs have been destroyed by prostitutes performing pole-dances in the street to attract clients, officials in New Zealand's biggest city have revealed." [Telegraph] $$$ Charlie Gasparino: U.S. Insider Trading Investigation Winding Down (Maybe) [FBN] $$$ Ex-JPMorgan Banker Admits Role in Muni Bid-Rigging Scheme [Reuters] $$$ Paulson, Rubin Warn on Dangers of 'Fiscal Cliff' [CNBC] $$$ WWII Shipwreck Yields $38 Million of Silver From Atlantic [Bloomberg] $$$ High school kid accused of running in a potential $3 million marijuana ring. [CP]

Write-Offs: 02.25.13

$$$ Italy Vote Shows No Clear Winner, as Berlusconi Rises [WSJ] $$$ Goldman to begin fresh round of job cuts [Reuters] $$$ Remember That $83 Billion Bank Subsidy? We Weren't Kidding [Bloomberg, earlier] $$$ "There appears to be a growing trendin dying industries: The bosses want to hold their bedside vigils in private." [Deal Journal] $$$ Banks to sell complex CDS books [IFR] $$$ "As an excellent student with advanced people skills and an exciting resume, with a desire to be part of a challenging, energetic, and reputable organization, I will be a valuable addition to The Catholic Church as your new Pope." [McSweeney's] $$$ A top-tier investment management firm is looking for a VP, behavioral finance specialist in New York [DBCC] $$$ Wells Fargo Role in Heinz Deal Is Credit Negative, Moody’s Says [Bloomberg] $$$ Leveraged loan market on fire [Sober Look] $$$ Banks Face Key Hurdle in Libor Fight [WSJ] $$$ RBS plans IPO for U.S. arm Citizens in next two years [Reuters] $$$ John Kerry Brings Democracy to Kyrzakhstan [DI]

Write-Offs: 06.20.12

$$$ Fed Extends Twist, Signals Concerns [WSJ] $$$ Reasons to be sad about the Fed [Tim Duy] $$$ Berlusconi Casts Doubt on Austerity Plan [WSJ] $$$ Rompuy Blueprint Said To Include Options On Debt, Bank Oversight [Bloomberg] $$$ Standstills in Change of Control Transactions [HLS] $$$ With all words from Greek, Roman, Norse, etc. myths already taken, Peter Thiel named a fund after a metal from The Lord of the Rings [DI] $$$ A leading New York hedge fund is looking for a general counsel - could it be you? [DBCC] $$$ Regulators Back Off Tougher Curbs on Oil [WSJ] $$$ Ex-Orioles player Eddie Murray is part of insider trading inquiry [Reuters] $$$ The Mormon Madoff: How Shawn Merriman Scammed Millions $$$ NYSE CEO: Public Has Lost Trust inMarket [WSJ] $$$ Madam still stuck at Rikers [NYP]

Write-Offs: 8.20.15

Investors love expensive boutique fitness; Greece doesn't defaults; Ex-bank chief sentenced for TARP fraud; "EasyJet Passenger Tasered After Dispute Over Carry-On 'Man Purse'"; and more.