• More bad news for Vikram Pandit and Citigroup: The company's CFO, Gary Crittenden, is suggesting the possibility of yet additional write-downs. [Dealbook]
  • Could Jimmy Cayne be the next Bear exec to do a perp walk? One law professor seems to think so: "He could be in deep trouble." [NY Sun]
  • The rogue London-based Morgan Stanley trader who lost the firm $120 million has been unmasked. [This Is London via WSF]
  • Wes Edens and Peter Briger's Fortress Investment Group is raising another $1 billion to finance deals in distressed businesses. [NYP]
  • Steve Schwarzman made a fortune on the IPO of Blackstone last year. Average investors? They got shafted, as you're probably aware. [Bloomberg]