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peHUB Second Opinion 6.18

KaChing: Social networking for quant traders. (WSJ)

Diligence Tip: Don’t forget the gray hair. (Carried Interest)

Ideas: Why not ban prepayment penalties on debt? (Rortybomb via Felix Salmon)

Memes: It appears that Ahmandinejad is no good at Photoshop. (Boingboing)

More Memes: Mildly humorous epitaphs for some of the larger bankruptcies of the year. (Reformed broker via Abnormal returns)

S&P Off Scott-Free? Among the institutions not affected by the regulatory overhaul: The ratings agencies, accused of  handing out oh-so-many AAA ratings. (Clusterstock)

Maddeningly Sketchy: Two Japanese men are detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland.(Bloomberg)

Attack Dogs: The Deal gets snarky, taking swings at other media outlets again, this time it’s BusinessWeek. (The Deal)

New Deal? In terms of the scope and breadth of the Obama plan – and more important, in terms of its overall effect on Wall Street’s modus operandi – it’s not even close to what President Franklin Roosevelt accomplished during the Great Depression, Mr. Nocera argues. (Dealbook)

Bonus Outrage Part 2: The Post is hoping to reignite the drama today by reporting that Bank of America-which was not one of the financial institutions that returned its bailout cash this week-is continuing to hand out big checks to senior execs. (Cityfile)