Write-Offs: 2.11.16

Goldman staff leave following 'guidelines breach'; Yellen says negative rates are on the table; DEA: Wheelchair-Bound Woman, 74, Ran Heroin Sales For Florida Drug Gang; and more.
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$$$Goldman Staff Said to Depart on Guidelines Breach in Mideast M&A [Bloomberg]

$$$Dimon Said to Buy 500,000 Shares of JPMorgan Stock After Slide [Bloomberg]

$$$AIG Names John Paulson and Icahn Ally Merksamer to Board [Bloomberg]

$$$Yellen Says Fed Should Be Prepared to Use Negative Rates [WSJ]

$$$DEA: Wheelchair-Bound Woman, 74, Ran Heroin Sales For Florida Drug Gang [TSG]

$$$Google exec makes so much money, he can’t even tell you [NYP]

$$$Investors Win Restraining Order Against SunEdison [WSJ]

$$$Titanic II to Set Sail in 2018 [NYM]

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Write-Offs: 07.23.12

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Write-Offs: 06.13.12

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Write-Offs: 02.25.13

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Write-Offs: 09.24.12

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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]