Lunchtime Links: 603k penalty for changing your mind about a job
Options trader Ghaleb El-Hajjali had a passing fancy for Tullett Prebon, but ultimately decided to stay put at Link Asset & Securities. He's been ordered to pay Tullett 603k to help assuage its disappointment (The Times).
"Come on down and visit us in the vomitorium!!'': Merrill's incriminating emails on auction rate securities (Bloomberg).
UBS implores the High Court to stop nasty ex-execs poaching all its clients (The Times).
If the definition of insanity is doing the same thing over and over again and expecting a different outcome, bank shareholders are certifiably mad. (Economist).
Bear Stearns is dead, long live Bear Stearns (brokerage) (Bloomberg).
Ackermann expresses the fervently held belief that it will all be over in a just few more months (Bloomberg).
Stressed-out banks tap the Fed for record amounts (Reuters).
Short sellers were blamed in 1932 too (Wall Street Journal).
New news: asset backed CDOs face extinction (Financial News).
Ex-Bear CEO parts company with JPMorgan (Dealbook).
Stop the evil EU from killing your banking job (Financial Times).
Carlyle extinguishes its Blue Wave hedge fund after AUM fall $300m since yesterday March. (DealBook).
Fidelity thinks Goldman and AIG will do well; Lehman, JPMorgan and Citigroup won't (DealBook).
Fun, fun, fun, and humour:
But linear algebra was the only thing that ever made me feel like a man (The Onion).
Early Roman computer used to express worthless classical opinions (Daily Mash).
