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		<title>Dealbreaker</title>
		<link>http://dealbreaker.com/</link>
		<description>A Wall Street Tabloid - Business News Headlines and Financial Gossip</description>
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		<copyright>Copyright 2009</copyright>
		<lastBuildDate>Fri, 20 Nov 2009 16:52:48 -0500</lastBuildDate>
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			<title>Goldman Employees To Take Out The Trash</title>
			<description><![CDATA[<p>Alright people. This is it. If the sight of Goldman Sachs employees handling garbage doesn't quell the hate, they're going to have to go to DEFCON 1: blow job booth.  </p>

<blockquote>The Salvation Army plans to serve 10,000 free dinners across the city this Thanksgiving -- meals planned by a star chef, cooked by one of New York's ritziest caterers and cleaned up by employees of one of Wall Street's most vilified financial firms. The number of meals is 10 times as many as last year and come at a time when more and more Americans are struggling to put food on the table.

<p>Three hundred employees of Goldman Sachs Group Inc., Wall Street's richest firm, have volunteered for the holiday feast and will be tasked with taking out the garbage.</blockquote></p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 20 Nov 2009 16:52:48 -0500</pubDate>
			<author>Bess Levin</author>
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			<title>John Goff Is Pinching Himself</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><a href="http://dealbreaker.com/2009/11/20/goff.jpg"><img alt="goff.jpg" src="http://dealbreaker.com/2009/11/20/goff-thumb-200x302.jpg" width="200" height="302" class="mt-image-right" style="float: right; margin: 0 0 20px 20px;" /></a></span>To: Morgan Stanley<br />
From: John Goff<br />
RE: Thanks a billion</p>

<p>OK, OK, thanks $951 million. It was really great to have you take this albatross off my hands a couple of years ago. The timing could not have been better for me. And now, after your outstanding stewardship, <a href="http://online.wsj.com/article/SB10001424052748704888404574547613090301696.html?mod=WSJ_hps_LEFTWhatsNews">I'm pleased to retake the helm</a> at Crescent Real Estate Equities Co. now. Two-and-a-half years sitting by the pool, counting <strike>your </strike>my $6.5 billion is enough.</p>

<p>My new partners at Barclays want to thank you as well. They've proven pretty savvy over the last couple of years, but even they couldn't have imagined how well this would turn out for them. After all, they lent you $2 billion to buy a disaster. They never would have guessed they'd get to take over such a valuable real-estate portfolio just as the market begins to turn around.</p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=53c381b09776808a40e4c3d22e4728c6&p=64&kw=Real+estate'>Real estate</a> - <a href='http://ads.pheedo.com/click.phdo?s=53c381b09776808a40e4c3d22e4728c6&p=64&kw=Barclays'>Barclays</a> - <a href='http://ads.pheedo.com/click.phdo?s=53c381b09776808a40e4c3d22e4728c6&p=64&kw=Morgan+Stanley'>Morgan Stanley</a> - <a href='http://ads.pheedo.com/click.phdo?s=53c381b09776808a40e4c3d22e4728c6&p=64&kw=United+States'>United States</a> - <a href='http://ads.pheedo.com/click.phdo?s=53c381b09776808a40e4c3d22e4728c6&p=64&kw=John+Goff'>John Goff</a>]]></description>
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			<pubDate>Fri, 20 Nov 2009 16:31:59 -0500</pubDate>
			<author>Jon Shazar</author>
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			<title>Break Yourself Off A Piece Of Pre-Thanksgiving Shia LaBeouf</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="shialabeoufhelment.png" src="http://dealbreaker.com/images/thumbs/shialabeoufhelment.png" width="191" height="500" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></span><blockquote>So I was getting a haircut after lunch today (York Barbershop, 71st and Lex), and Oliver Stone & co. walked in to inspect the place.  According to my barber, they're shooting MNS there, presumably all day, on Tuesday and Wednesday of next week.  However, I overheard murmurs that it might be too cramped, in which case the Waldorf barbershop would be a contender.  No word on how this affects Shia's helmet hair.</blockquote></p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 20 Nov 2009 16:15:47 -0500</pubDate>
			<author>Bess Levin</author>
		</item>
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			<title>Dick Bové: Bank Of America Should Beg Ken Lewis To Stay</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="richardbove.JPG" src="http://dealbreaker.com/images/thumbs/richardbove.JPG" width="146" height="106" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></span>This have been pretty dark for Dick Bové ever since her man, the "<a href="http://dealbreaker.com/2009/10/dick-bove-absolutely-livid-ree.php">brilliant</a>" Ken Lewis was essentially <a href="http://dealbreaker.com/2009/10/dick-bove-absolutely-livid-ree.php">forced out of his job</a>.  Other analysts, the colder, unfeeling ones probably wouldn't have taken it so personally, but Lewis is Bové's guy and she can't help it, this hurts, bad (also, she's just always been a sensitive and highly strung person). Sorry if that's too much for you to handle but Ken Lewis meant a lot* to the Rochdale rising star.  It felt good and empowering to lose it <a href="http://dealbreaker.com/2009/10/dick-bove-absolutely-livid-ree.php">in a tear-stained note to clients</a>, in which she put the words "No other banker in this country can equal Mr Lewis's achievements and yet every banker wishes s/he could" out there but it didn't change anyone's mind and she's just felt completely helpless for almost two months now.  She knows she should be strong for KL but she just can't. She's lost weight, she's gained weight, she's gone on booze-fueled sex rampages wherein she'll fuck the first thing in her line of vision, in an attempt to silence the pain but nothing's helped.  </p>

<p>This morning when she woke up underneath a pile of empty pints of Ben and Jerry's after crying herself to sleep, she couldn't even summon the strength to get out of bed.  But then, something happened.  In the other room, she heard Charlie Gasparino's voice on CNBC, which she'd left on the night before.  She heard Lewis's name and, at first, figuring CG was just going to be talking shit about her man, pulled the covers over her head.  Then Chaz started saying something about how the board <i>still</i> hasn't found a replacement and Divé shot out of bed.  She ran into the other room wearing only the oversized tee-shirt bearing Lewis's face she'd had made a few years ago.  Biting her nails in fear that her ears were playing tricks on her,  Mrs. Lewis (someday?) rewound the DVR.  It was true!  BAC still hasn't come up with an ideal candidate willing to take the job. Feeling like her old self for the first time in a long time, she sat down to write.  And <a href="http://www.foxbusiness.com/story/markets/industries/finance/bove-lewis/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+foxbusiness/finance+(FOXBusiness.com+-+Industries+-+Finance)">write she did</a>.</p>

<blockquote>"Mr. Lewis was a key architect in the creation and management of Bank of America. He knows this company better than anyone else and he knows how to operate it," Bove wrote in a research note issued early Friday morning. "At this point in the company's history, this is the type of leader needed. Convincing him to return would be the biggest morale builder that management could get."</blockquote><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=35c56fe5dadc79a7c5cdb41a2a8f6736&p=64&kw=Ken+Lewis'>Ken Lewis</a> - <a href='http://ads.pheedo.com/click.phdo?s=35c56fe5dadc79a7c5cdb41a2a8f6736&p=64&kw=Bank+of+America'>Bank of America</a> - <a href='http://ads.pheedo.com/click.phdo?s=35c56fe5dadc79a7c5cdb41a2a8f6736&p=64&kw=United+States'>United States</a> - <a href='http://ads.pheedo.com/click.phdo?s=35c56fe5dadc79a7c5cdb41a2a8f6736&p=64&kw=Charlie+Gasparino'>Charlie Gasparino</a> - <a href='http://ads.pheedo.com/click.phdo?s=35c56fe5dadc79a7c5cdb41a2a8f6736&p=64&kw=Bank'>Bank</a>]]></description>
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			<pubDate>Fri, 20 Nov 2009 14:40:33 -0500</pubDate>
			<author>Bess Levin</author>
		</item>
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			<title>Bank Of America Board To Lock Themselves In A Room Sunday Night And Not Come Out &apos;Til They Come Up With Someone Willing To Take Over For Ken Lewis, Maybe</title>
			<description><![CDATA[<p>Charlie Gasparino <a href="http://www.thedailybeast.com/blogs-and-stories/2009-11-19/the-best-job-no-one-wants/?cid=hp:mainpromo1">reports</a> that the Bank of America board "really, really" wants to finally pick someone to take the job of boozing it up <a href="http://dealbreaker.com/2009/01/ken-lewiss-dirty-secrets.php">at happy hour</a> and then returning to the office and saying "How 'bout we do Merrill this time? That'll be fun."  According to Gasparino, BAC is in a rush to get it done because they're "sick of all the controversy surrounding the selection" and also maybe perhaps because Ken Lewis is out of there in like 5 weeks, so it would be nice if they could figure this out before then.   A source of Chaz claims they're going to try and do so this Sunday, though given that the board still pretty much as no idea who they want (or who's desperate enough to take the gig) it will likely be a long night.  For reasons lost on us, they're still yet to get in touch with John Thain, who remains ready <a href="http://dealbreaker.com/2009/11/john-thain-says-he-never-threw.php">and willing</a>.</p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=224475cfc0b6e710757cbd3a8b47835e&p=64&kw=Bank+of+America'>Bank of America</a> - <a href='http://ads.pheedo.com/click.phdo?s=224475cfc0b6e710757cbd3a8b47835e&p=64&kw=Ken+Lewis'>Ken Lewis</a> - <a href='http://ads.pheedo.com/click.phdo?s=224475cfc0b6e710757cbd3a8b47835e&p=64&kw=John+Thain'>John Thain</a> - <a href='http://ads.pheedo.com/click.phdo?s=224475cfc0b6e710757cbd3a8b47835e&p=64&kw=Business'>Business</a> - <a href='http://ads.pheedo.com/click.phdo?s=224475cfc0b6e710757cbd3a8b47835e&p=64&kw=Merrill+Lynch'>Merrill Lynch</a>]]></description>
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			<pheedo:origLink>http://dealbreaker.com/2009/11/bank-of-america-to-lock-themse.php</pheedo:origLink>
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			<pubDate>Fri, 20 Nov 2009 13:19:57 -0500</pubDate>
			<author>Bess Levin</author>
		</item>
		<item>
			<title>Someone Else Thinks Ratings Agencies Do A Pretty Piss-Poor Job</title>
			<description><![CDATA[<p>Somebody is finally doing something about those corrupt, self-serving companies that we all rely on to tell us just how risky this stupid bond is. <a href="http://www.reuters.com/article/companyNews/idUSN2022619420091120">Ohio is suing the ratings agencies.</a></p>

<p>With the Feds spitting the bit on regulating an industry that never saw a mortgage-backed security or collateralized debt obligation it didn't want to give a triple-A rating and that showed the most remarkable propensity for figuring things out right after the credit markets imploded, Richard Cordray, attorney general of the Buckeye State, is following the Andy Cuomo's lead and attacking Fitch Ratings, Moody's Investors Service and Standard & Poor's.</p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=1bb6881169c9b0d303c2d323246ef7e8&p=64&kw=Moody'>Moody</a> - <a href='http://ads.pheedo.com/click.phdo?s=1bb6881169c9b0d303c2d323246ef7e8&p=64&kw=Standard+%26+Poor'>Standard & Poor</a> - <a href='http://ads.pheedo.com/click.phdo?s=1bb6881169c9b0d303c2d323246ef7e8&p=64&kw=Credit+rating+agency'>Credit rating agency</a> - <a href='http://ads.pheedo.com/click.phdo?s=1bb6881169c9b0d303c2d323246ef7e8&p=64&kw=Fitch+Group'>Fitch Group</a> - <a href='http://ads.pheedo.com/click.phdo?s=1bb6881169c9b0d303c2d323246ef7e8&p=64&kw=Business'>Business</a>]]></description>
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			<pubDate>Fri, 20 Nov 2009 13:02:16 -0500</pubDate>
			<author>Jon Shazar</author>
		</item>
		<item>
			<title>Steve On Steve: The Most Magical Night Of ALL TIME</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="stevecohenrabbit.jpg" src="http://dealbreaker.com/images/thumbs/stevecohenrabbit.jpg" width="371" height="250" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></span><a href="http://dealbreaker.com/2009/10/mark-your-calendars-1.php">A few weeks ago</a> I told you to mark your calendars for the social event of the year.  At the time I said it was the SAC Capital Giant Balloon Inflation Party.  I lied.  The balloon blowing is still going on (this Saturday in fact) but it is not the extravaganza you need to drop all previously made plans for.  Do you know what's going to happen on December 8th?  I don't think you do otherwise you'd be working yourselves into a frenzy along with me.  I'm not even sure you're fully prepared for what I'm about to lay on your asses and you probably never will be so I'm just going to say it now: STEVE COHEN MAGIC NIGHT.  And when I say "STEVE COHEN MAGIC NIGHT" I mean it in two ways.  First, Steve Cohen, the magician.  Second, Steve Cohen, the man who makes the world a more magical place by simply existing.  That's right--doubly penetrated by magical SC's. </p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=5e562ebd81e0492c9b415305b668819f&p=64&kw=Magic'>Magic</a> - <a href='http://ads.pheedo.com/click.phdo?s=5e562ebd81e0492c9b415305b668819f&p=64&kw=Steve+Cohen'>Steve Cohen</a> - <a href='http://ads.pheedo.com/click.phdo?s=5e562ebd81e0492c9b415305b668819f&p=64&kw=Performing+Arts'>Performing Arts</a> - <a href='http://ads.pheedo.com/click.phdo?s=5e562ebd81e0492c9b415305b668819f&p=64&kw=Arts'>Arts</a> - <a href='http://ads.pheedo.com/click.phdo?s=5e562ebd81e0492c9b415305b668819f&p=64&kw=SAC+Capital+Advisors'>SAC Capital Advisors</a>]]></description>
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			<pheedo:origLink>http://dealbreaker.com/2009/11/steve-on-steve-the-most-magica.php</pheedo:origLink>
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			<pubDate>Fri, 20 Nov 2009 12:40:20 -0500</pubDate>
			<author>Bess Levin</author>
		</item>
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			<title><![CDATA[Presented By:]]></title>
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			<pubDate>Fri, 20 Nov 2009 12:40:20 -0500</pubDate>
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			<title>Could It Be... An IPO Announcement?</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><a href="http://dealbreaker.com/2009/11/20/money-toilet.jpg"><img alt="money-toilet.jpg" src="http://dealbreaker.com/2009/11/20/money-toilet-thumb-180x221.jpg" width="180" height="221" class="mt-image-right" style="float: right; margin: 0 0 20px 20px;" /></a></span>Hot on the heels of the <a href="http://dealbreaker.com/2009/11/its-alive-commercial-mortgage-.php">first mortgage-backed securities deal </a>in several decades, the initial public offering market has begun to stir after its period of economic crisis-induced dormancy.</p>

<p>First to the post is British asset manager <a href="http://online.wsj.com/article/SB10001424052748704888404574547060389755916.html">Gartmore Group</a>, which said it will list on the London Stock Exchange next month. The reported £500 million stock sale will be used to cut debt, but also to allow its private equity masters, Hellman & Friedman, to finally earn a damned profit three-and-a-half years after financing Gartmore's management buyout.</p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=ce61a2f14a4963110505d8c26d06c312&p=64&kw=Business'>Business</a> - <a href='http://ads.pheedo.com/click.phdo?s=ce61a2f14a4963110505d8c26d06c312&p=64&kw=London+Stock+Exchange'>London Stock Exchange</a> - <a href='http://ads.pheedo.com/click.phdo?s=ce61a2f14a4963110505d8c26d06c312&p=64&kw=Initial+public+offering'>Initial public offering</a> - <a href='http://ads.pheedo.com/click.phdo?s=ce61a2f14a4963110505d8c26d06c312&p=64&kw=Hellman+%26+Friedman'>Hellman & Friedman</a> - <a href='http://ads.pheedo.com/click.phdo?s=ce61a2f14a4963110505d8c26d06c312&p=64&kw=Investing'>Investing</a>]]></description>
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			<pheedo:origLink>http://dealbreaker.com/2009/11/could-it-be-an-ipo-annoucement.php</pheedo:origLink>
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			<pubDate>Fri, 20 Nov 2009 11:50:01 -0500</pubDate>
			<author>Jon Shazar</author>
		</item>
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			<title>South Korea Wants Your Money, Brazil Less So</title>
			<description><![CDATA[<p>Naked short-selling has been blamed for many a market evil in recent years. Not so much any good.</p>

<p>Well, here's one in the controversial practice's corner: South Korea <a href="http://www.ft.com/cms/s/0/1b331180-d5ab-11de-b80f-00144feabdc0.html">may allow institutional investors to short-sell bonds</a> in an effort to boost liquidity in its nascent fixed-income market. Now, it isn't the short-selling, per se, that will boost liquidity, but the move could win Seoul a coveted place in Citigroup's World Government Bond Index. And then, just try to keep the money from rolling in.</p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=3771bad85e6e9945847280c928cc260e&p=64&kw=Citigroup'>Citigroup</a> - <a href='http://ads.pheedo.com/click.phdo?s=3771bad85e6e9945847280c928cc260e&p=64&kw=South+Korea'>South Korea</a> - <a href='http://ads.pheedo.com/click.phdo?s=3771bad85e6e9945847280c928cc260e&p=64&kw=Bond+market'>Bond market</a> - <a href='http://ads.pheedo.com/click.phdo?s=3771bad85e6e9945847280c928cc260e&p=64&kw=Seoul'>Seoul</a> - <a href='http://ads.pheedo.com/click.phdo?s=3771bad85e6e9945847280c928cc260e&p=64&kw=Korea'>Korea</a>]]></description>
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			<pheedo:origLink>http://dealbreaker.com/2009/11/south-korea-wants-your-money-b.php</pheedo:origLink>
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			<pubDate>Fri, 20 Nov 2009 11:06:22 -0500</pubDate>
			<author>Jon Shazar</author>
		</item>
		<item>
			<title>Charlie Gasparino Is Ready For A Book Talk Brawl</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="goingroguebookcover.png" src="http://dealbreaker.com/images/thumbs/goingroguebookcover.png" width="280" height="425" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></span>If you're coming to New Canaan, CT on Sunday to hear Charlie Gasparino discuss <i>The Sellout</i> you might need to bring your boxing gloves.</p>

<p>The other day on Chicago-based radio show StocksandJocks, co-hosted by CNBC contributor Dr. J Najarian, a listener asked Gas-Bag if he was ready to handle a confrontational room of ex-Bear and Lehman traders who might want to throw down fisticuffs. Considering many of these guys are still unemployed, stuck with McMansion mortgages, and with ample time on their hands - we thought that was a valid concern. (Sam Molinaro, former Bear Stearns CFO, is a New Canaan resident.)</p>

<p>The show's other host Tom 'the Chief' Haugh asked Chaz, "Are you ready for a scene or a verbal confrontation? How do you think Cannanists will receive you?"</p>

<p>Gasparino responded, "Well you know, they can do whatever they want. What, you don't think I've never had a personal confrontation from peeps on Wall Street? For some reason personal confrontations don't scare me that much...you know.. I know how to handle myself."</p>

<p>"I'm not a punching bag I don't take their [shit]. I remind them it was their company's management that screwed up and I just reported it. I didn't engage in your risk taking practices. If you think I have anything to do with your implosion then you're nuts," Gasparino. said.</p><br clear="both" style="clear: both;"/>
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			<pheedo:origLink>http://dealbreaker.com/2009/11/charlie-gasparino-is-ready-for.php</pheedo:origLink>
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			<pubDate>Fri, 20 Nov 2009 11:00:52 -0500</pubDate>
			<author>Teri Buhl</author>
		</item>
		<item>
			<title>Got A Signing Bonus From Lehman Brothers? Yeah We&apos;re Gonna Need That Back</title>
			<description><![CDATA[<p>Were you a member of an elite group of individuals taken before their time known as the Lehman Brothers associate class of 2008?  Were you robbed of the chance to toil under the Gorilla for more than a few weeks because oops the firm went out of business? (And speaking of that: do you blame yourself? Dick Fuld certainly does.)  Those $40k signing bonuses you got and probably already spent are going to need to be paid back, ASAP.  </p>

<blockquote>The requests are allegedly coming from PricewaterhouseCoopers, which is administering Lehman's estate in the UK. "More than 60% of my class received this letter around two weeks ago," says one former Lehman associate. "We're seeking legal opinions on whether we have to pay it back."</blockquote><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=219aade0968fea31a75d9aa7e7c21cb5&p=64&kw=Lehman+Brothers'>Lehman Brothers</a> - <a href='http://ads.pheedo.com/click.phdo?s=219aade0968fea31a75d9aa7e7c21cb5&p=64&kw=Business'>Business</a> - <a href='http://ads.pheedo.com/click.phdo?s=219aade0968fea31a75d9aa7e7c21cb5&p=64&kw=PricewaterhouseCoopers'>PricewaterhouseCoopers</a> - <a href='http://ads.pheedo.com/click.phdo?s=219aade0968fea31a75d9aa7e7c21cb5&p=64&kw=Richard+S.+Fuld++Jr.'>Richard S. Fuld  Jr.</a> - <a href='http://ads.pheedo.com/click.phdo?s=219aade0968fea31a75d9aa7e7c21cb5&p=64&kw=Law'>Law</a>]]></description>
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			<pubDate>Fri, 20 Nov 2009 10:32:00 -0500</pubDate>
			<author>Bess Levin</author>
		</item>
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			<title>Happy Birthday, Meredith Whitney!</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="meredithwhitney.png" src="http://dealbreaker.com/images/thumbs/meredithwhitney.png" width="280" height="417" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></span>The Dollar Dominatrix turns the big 4-0 today.  Apparently there's going to be a big bash at the MDubs Advisory Group later today set to include---spoiler alert-- a Vikram-shaped piñata.  In the meantime, let's put our heads together and come up with a gift from DB.  What do you get for the Dom who has everything? If you were going to say cat o' nine tails, that's out-- Lloyd's already called dibs.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 20 Nov 2009 10:00:02 -0500</pubDate>
			<author>Bess Levin</author>
		</item>
		<item>
			<title>Opening Bell: 11.20.09</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="85-broad-street.jpg" src="http://dealbreaker.com/images/thumbs/85-broad-street.jpg" width="149" height="210" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></span><a href="http://online.wsj.com/article/SB10001424052748704533904574545981008841004.html?mod=WSJ_hps_LEFTWhatsNews">Goldman Holders Miffed At Bonuses</a> (WSJ)<br />
Squid on Squid violence: "Some of the largest shareholders in Goldman Sachs have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors, according to people familiar with the situation. Some major Goldman shareholders also are concerned about a little-noticed change in the company's financial statements that increased the firm's total head count by adding temporary employees and consultants. The change reduced per-employee compensation, making it look like Goldman employees earn less than they actually do."</p>

<p><a href="http://www.bloomberg.com/apps/news?pid=20601109&sid=alximP6.Eta8&pos=10">Harvard Poker Pro Says Texas Hold 'Em Can Teach Traders to Fold</a> (Bloomberg)<br />
"Someone who has made a successful living as a poker player for a few years would more likely be a good trader than someone who hasn't," said Aaron Brown, a 53-year-old former poker pro who is now a risk manager at AQR.</p>

<p><a href="http://www.nytimes.com/2009/11/20/business/20shop.html?dbk">Lampert's Sears Narrows Its Loss as Gap's Profit Increases 25%</a> (NYT)<br />
This calls for a pizza party, on Eddie.</p>

<p><a href="http://www.nytimes.com/aponline/2009/11/19/business/AP-US-SEC-Madoff-Scandal.html?_r=1&dbk">SEC Told to Improve Ways It Chooses Probe Targets</a>  (AP)<br />
A report released by the office of Inspector General David Kotz proposes new requirements that the SEC's inspections office examine databases and documents related to investment advisers that may be inspected.</p>

<p><a href="http://online.wsj.com/article/SB10001424052748704204304574545882902548324.html">GM's Chairman Seeks Focus on Quality</a> (WSJ)<br />
Edward Whitacre wants to know why people think GM cars suck.</p>

<p><a href="http://blogs.wsj.com/economics/2009/11/19/qa-oregon-democrat-defazio-calls-for-geithners-resignation/">Oregon Democrat DeFazio Calls for Geithner's Resignation</a> (Real Time Economics)<br />
"I just do not feel that his orientation is other than Wall Street, and has not been other than Wall Street, and will not be other than Wall Street. And quite frankly all the gambling on Wall Street is doing nothing to put people back to work in America and rebuild our economy."</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 20 Nov 2009 08:10:37 -0500</pubDate>
			<author>Dealbreaker</author>
		</item>
		<item>
			<title>Write-Offs: 11.19.09</title>
			<description><![CDATA[<p><b>$$$</b> <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aByqYtAMOZks&pos=3">Pequot Worker Told Therapist That Samberg Demanded Insider Tips</a> [Bloomberg]</p>

<p><b>$$$</b> Dick Bove's Top <a href="http://www.thedeal.com/dealscape/2009/11/boves_top_two_candidates_for_b.php">BofA CEO Candidates</a> [The Deal]</p>

<p><b>$$$</b> Felix Salmon: <a href="http://www.businessinsider.com/henry-blodget-felix-salmon-henry-blodget-should-be-banned-from-the-industry-2009-11">Henry Blodget Should Be Banned From The Industr</a>y [BI]</p>

<p><b>$$$</b> <a href="http://www.bloomberg.com/apps/news?pid=20601039&sid=aYpfY52Yg0I8">Wells Fargo Needs TARP Money</a> More Than It Admits [Bloomberg]</p><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 19 Nov 2009 18:00:59 -0500</pubDate>
			<author>Bess Levin</author>
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		<item>
			<title>Hundred-Million-Dollar-Hall Looking For New Billions</title>
			<description><![CDATA[<p><span class="mt-enclosure mt-enclosure-image" style="display: inline;"><a href="http://dealbreaker.com/2009/11/19/castle.jpg"><img alt="castle.jpg" src="http://dealbreaker.com/2009/11/19/castle-thumb-200x133.jpg" width="200" height="133" class="mt-image-right" style="float: right; margin: 0 0 20px 20px;" /></a></span><small style="float: right; clear: right; margin: 0 0 15px 20px;display: block; width: 200px;">Castle Hallenstein: Home Sweet Home</small>Citigroup's former $100 million man <a href="http://www.finalternatives.com/node/9353">has been freed</a> from the tyranny of life as a serf under Czar Kenneth I. But if he wants to keep the nine-figure bonus checks rolling in under his new masters at Occidental Petroleum, he's gonna need some new patrons.</p>

<p>Now, Citi chose to sell Hall's business, Phibro, to Occidental for a few nickels rather than simply spin it off as an independent hedge fund. Still, Hall knows where the money is (a lot of it is hidden in the keep of his <a href="http://nymag.com/daily/intel/2008/02/citigroup_commodities_trader_a.html">German castle</a>) and he's <a href="http://www.marketwatch.com/story/phibro-reaches-out-to-hedge-fund-investors-2009-11-18">asked the Blackstone Group to find it</a>.</p><br clear="both" style="clear: both;"/>
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<a href='http://ads.pheedo.com/click.phdo?s=b398e2ba4ec0bc5985e203493f37c322&p=64&kw=Hedge+fund'>Hedge fund</a> - <a href='http://ads.pheedo.com/click.phdo?s=b398e2ba4ec0bc5985e203493f37c322&p=64&kw=Business'>Business</a> - <a href='http://ads.pheedo.com/click.phdo?s=b398e2ba4ec0bc5985e203493f37c322&p=64&kw=Blackstone+Group'>Blackstone Group</a> - <a href='http://ads.pheedo.com/click.phdo?s=b398e2ba4ec0bc5985e203493f37c322&p=64&kw=Occidental+Petroleum'>Occidental Petroleum</a> - <a href='http://ads.pheedo.com/click.phdo?s=b398e2ba4ec0bc5985e203493f37c322&p=64&kw=Citigroup'>Citigroup</a>]]></description>
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			<pheedo:origLink>http://dealbreaker.com/2009/11/hundred-million-dollar-hall-lo.php</pheedo:origLink>
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			<pubDate>Thu, 19 Nov 2009 16:15:46 -0500</pubDate>
			<author>Jon Shazar</author>
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