$$$ 'Sterilized' Bond Buying an Option in Fed Arsenal [WSJ] $$$ Greece inches closer to €206bn debt deal [FT] $$$ Apple lifts lid on 4G iPad, keeps prices [Reuters] $$$ Mario Batali pays $5.25mm to settle a class action suit brought by abused waiters [Eater] $$$ How would you like to be a research analyst on the global small- and mid-cap team at Franklin Templeton? [DBCC] $$$ Treasury to Sell $6 Billion of AIG Stock [WSJ] $$$ The Case for Treating Big Finance Like Big Pharma [The Atlantic] $$$ Or treat it like squeegee men [William Black] $$$ If you read only one piece of investigative journalism on Lenny Dykstra's downfall, make it this one [SI] $$$ If you read only one piece of investigative journalism on high-end prostitute pricing, make it John Carney's [NetNet]

Write-Offs

$$$ Brussels signals easing of fiscal rules [FT] $$$ Treasury Announces Public Offering of AIG Common Stock [Treasury] $$$ AIG is buying structured credit products for yield, what could possibly go wrong? [Bloomberg] $$$ Berkshire Profit Doubles on Insurance Results, Derivatives [Bloomberg] $$$ Bloomberg News correspondent enjoys popcorn with truffle oil, baths, Polish zloties [The Billfold] $$$ How would you like to be a strategy andmanagement associate at a $10bn+ hedge fund? [DBCC] $$$ Goldman Takes Steps to Protect Bond Turf [WSJ] $$$ BofA never loses money [FTAV] $$$ Is lying a little on your resume bad? Experts debate. [DealBook] $$$ Is Wall Street Hustling Facebook? [NetNet / John Carney] $$$ Yngve Slyngstad is mad about Greece [FT] $$$ Pythons Swallow Whole Deer in Florida, $6 Million Tab [Bloomberg] $$$ MCA, RIP [RS]

Write-Offs

$$$ Fed makes new rate pledge as it launches fresh stimulus [Reuters] $$$ 'Cliff' Talks at Standstill: 'It's Getting Worse, Not Better' [CNBC] $$$ Deutsche Chiefs Under Investigation in Tax Probe [WSJ] $$$ Biggest Opportunity Will Be Shorting the Bond Market: Dalio [NetNet / John Carney] $$$ Thoughts on third-century A.D. monetary policy [FTAV / Izabella Kaminska] $$$ John McAfee is coming home, "also explained that he'd been secretly using a 'tiny laptop' and a fake name to keep up with his website while in custody." [DI] $$$ PEAK6 Investments is looking for an accounting associate to join its Finance team in Chicago [DBCC] $$$ Greece's lenders call bond buyback a success, endorse aid [Reuters] $$$ Calpers Bankruptcy Strategy Pits Retirees vs. All Others [Bloomberg] $$$ The Evolution of Super Senior CDS [TF Markets] $$$ "So how do you celebrate the end of a late-night bankruptcy auction that brought in nearly $257 million for your client, the government-backed battery maker A123 Systems Inc.?" McDonald's [Bankruptcy Beat] $$$ Chris Christie: I’m not too fat for the White House [Politico]

News

$$$ Spain rating slashed 3 notches by Moody's [Reuters] $$$ Citigroup was once worse than it is now [Bloomberg] $$$ Gupta Prosecutors Draw ‘Secret Pipeline’ Pattern; Defense Asks, ‘Where’s the Beef?’ [DealBook] $$$ JPMorgan doomsday scenario revealed [FT, FTAV] $$$ Large Institutions Discuss New Marketplace for Bonds [WSJ] $$$ George W. Bush’s decapitated head appeared on Game of Thrones [io9] $$$ Lombard Street Research is looking for a senior institutional sales executive in New York [DBCC] $$$ Crédit Agricole Girds Greek Unit for Greece Euro Exit [WSJ] $$$ Two PMs leave Taconic to form value equity shop [AR] $$$ Should lawyers have stopped the London Whale? [ATL] $$$ Endless QE? $6 trillion and counting [Reuters] $$$ Cops: Man on drugs rammed Stamford police cruisers [Stamford Advocate]

Write-Offs

$$$ Greek Aid Payment Call Won’t Be Made Next Week, EU Official Says [Bloomberg] $$$ Dexia Gets a New Bailout [DealBook] $$$ Obama Victory Leads Wealthy to Make Quick Pre-2013 Moves [Bloomberg] $$$ "The ECB is playing a more complicated game than old fashioned 'loose money to counteract downturns, tight money to counteract inflation' monetary policy. And you have to ask yourself: Is it working? Has this delivered prosperity?" [Slate / Matt Yglesias] $$$ The guy who was going to fire all of his employees if Obama got elected, gave them a 5% raise [BBW] $$$ Priceline.com Impulsively Buys Kayak During Mini Existential Crisis [VF] $$$ JPMorgan is looking for a high-net-worth banker in Chicago [DBCC] $$$ JPMorgan Cleared for $3 Billion Stock Buyback [DealBook] $$$ Libor rates cull proposed for April [FT] $$$ Consulting Firm That Once Advised Gadhafi Enters Chapter 11 [WSJ] $$$ Here you will find a review of Atlas Shrugged [The Awl] $$$ "As he wended his way toward proposing an April trial date for Christopher's claims and Tory's counterclaims, Strine reflected on the (in his view) unwarranted popularity of 'duck boots,' the mysterious utility of the Topsiders his son just bought and the strangely bright colors of WASP-preferred styles." [Reuters] $$$ "'Paying bills,' Mr. Adelson said on Tuesday night when asked by a Norwegian reporter how he thought his donations had been spent. 'That’s how you spend money. Either that or become a Jewish husband — you spend a lot of money.'" [DI]

Write-Offs

$$$ Eurozone demands six-day week for Greece [Guardian] $$$ Hedge funds perplexed by negative Bund yield conundrum [Reuters] $$$ Money market funds want to buy negative-yielding securities, pass the savings on to you [FT] $$$ Moody's: U.S Banking Outlook Negative Despite Stronger Banks [WSJ] $$$ Matt Taibbi says a lot of wrong things about private equity, which is surprising for some reason [Term Sheet] $$$ Jim Cramer's Mad Money is more popular at 3am [NYP] $$$ Sands Capital Management is looking for a senior associate in Virginia for public and private equity, focusing on life sciences [DBCC] $$$ Andrew Ross Sorkin doesn't think you appreciate that Facebook has lost $50 billion in market cap. Let him say that again for emphasis: fifty billion. Fifty billion! [DealBook] $$$ Barclays fired some people for manipulating Libor [Reuters] $$$ "IPhone Price Cuts Send Bond Inflation Bets To 11-Year Low" [Bloomberg] $$$ Felix Salmon's friends spend $410mm a year on wine [Reuters] $$$ Judge Orders Sex-Change Operation for Federal Prisoner [Law Blog] $$$ Fifty billion!

Write-Offs

Icahn dumps 7 million Apple shares; Mario Draghi says give it up for European banking system; Man arrested in Florida after taking backhoe for joyride; and more.

Write-Offs

$$$ Euro-Zone Leaders Step Up Greece Contingency Plans [WSJ] $$$ Facebook Banks Said To Make $100 Million On Stabilizing Stock [Bloomberg, earlier] $$$ The Modest Worth of Big Banks [NYT] $$$ Cardiff Garcia on Brad DeLong on Walter Bagehot [FTAV] $$$ "While we’re on the subject, we’d be remiss not to note that Mr. Muniyappa wore jeans and an untucked plaid button down, prompting New York Times legal eagle Peter Lattman to poll observers on the last time they’d seen a witness take the stand without a necktie. 'Maybe not at the trials The Times covers,' a wiseacre snapped." [NYO] $$$ Stress! An Energy Source Of The Future? [The Awl] $$$ "Representing the sovereign in these affairs is just more fun. It is a mixture of politics, finance and law, and theater," [sovereign restructuring lawyer Lee Buchheit] said. Buchheit recalled an Asian finance minister - referring to her only as "The Iron Lady" - resting a hand on his arm as tension mounted at 3 a.m. in a marathon meeting and saying: "I know you'll get us through this." [Reuters] $$$ UBS is looking for a credit stress testing analyst in Stamford [DBCC] $$$ China plans brokerage reforms to create its own Goldman Sachs [Reuters] $$$ In defense of private equity: Japan [Noahpinion] $$$ Romney Can’t Explain What He Learned in Business [DI] $$$ ALF Creator Paul Fusco Thinks ‘Timing is Right’ for an ALF Movie [Gawker]

Write-Offs: 6.22.15

Write-Offs: 03.07.12

Write-Offs: 05.04.12

Write-Offs: 12.12.12

Write-Offs: 06.13.12

Write-Offs: 11.08.12

Write-Offs: 09.04.12

Write-Offs: 2.16.16

Write-Offs: 05.23.12