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Write-Offs: 08.26.13 27 Aug 2013 | 03:19 am

$$$ Treasury To Hit Debt Limit In October [WSJ] $$$ Sotheby’s Auctioneer Becomes Target of Loeb’s Third Point [WSJ] $$$ Exchanges Announce Merger Plan [WSJ] $$$ Justice Dept. Again Signals Interest to...

Story Of Pershing Square’s Investment In JC Penney Is Over 27 Aug 2013 | 02:29 am

And it has ended with the handsome prince, practically perfect in every way, being forced to sell his shares in the company. He tried as hard as he could to change them for the better, but in the end,...

Collateralized Debt Obligations Really Rev Michael Lewis’s Engine 27 Aug 2013 | 01:44 am

“When I’m working on a book, I’m in a very agitated mental state. My sleep is disrupted. I only dream about the project. My sex drive goes up. My need for exercise, and the catharsis I get from exerci...

“Well That’s My Cue To Leave” Says Guy Who Handles “All Litigation And Government Investigations Affecting JP Morgan Around The World” After 957th Pro... 27 Aug 2013 | 01:33 am

Michael Coyne is gonna take off now. JP Morgan Chase’s co-head of litigation is leaving the bank as it faces a mounting pile of regulatory headaches, lawsuits and investigations, said people close to ...

Tim Geithner Very Sadly Not Titling Memoir “On Timothy Geithner,” By Timothy Geithner 26 Aug 2013 | 11:25 pm

He’s also ruled out War And Pissed Off, No, Go Fuck YOURself, John Mack, Once I Think I’m Out…Tim Geithner’s Treasury Department, My Own Personal Guantanamo Bay, and Fucking Lettuce, much to our disma...

Argentina Follows The Script Written By U.S. Courts 26 Aug 2013 | 10:50 pm

For the I-can’t-remember-how-manyeth time, a U.S court has ordered Argentina to do something it doesn’t want to do, calling the country a “uniquely recalcitrant debtor” and blasting its “intention to ...

World-Historic Not-So-Fake Fake Currency Summit Happening Right Now 26 Aug 2013 | 10:23 pm

Bitcoin’s chief lobbyists (yes, they exist) will try to explain themselves to the establishment power-structure mulling ways to keep them down (by ensuring they’re not just 21st-century money-launderi...

Leonardo DiCaprio Emerged From Wolf of Wall Street Research Session With Detailed Notes Re: Jordan Belfort’s Orgies 26 Aug 2013 | 10:14 pm

DiCaprio spent weeks with Belfort. “I wanted a close relationship with him so that I could weave intimate details into the movie,” he says, “things that weren’t in the book. I was kind of the middlema...

Trump University Trump Entrepreneur Institute* Students Feel Honored To Just Be Near Likeness of Trump, Says Trump 26 Aug 2013 | 09:31 pm

Were they baited with promises of meeting the Donald in the flesh, only to be offered an opportunity to stand in line for a photo-op with a poster bearing his face? Maybe. Did thousands of Trump Colle...

Mauricio Dias’s Competitors Could Slash Their Prices To Zero Bucks A Shine And It Wouldn’t Make A Difference 26 Aug 2013 | 08:43 pm

Do you yearn for the days when the shoe shine was a sacred experience? When it was something to look forward to? When, even if everything was in doubt, you could count on a shoe shine guy– your shoe s...

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