Alan Greenspan Gets a Job, Richard Branson Goes Bananas

FINANCE:
• After touring the lecture circuit for the last year, Alan Greenspan finally got a real job advising Deutsche Bank's securities division. [Bloomberg]
• Which heads will roll when all the dust from subprime settles? Some say John Mack, the CEO of Morgan Stanley, others Chuck Prince of Citigroup, but the biggest danger may be for Goldman Sachs’ “It” boy Lloyd Blankfein, who bet more than anyone else. [NYT]
• Time for another party? Steve Schwarzman's Blackstone group tripled its quarterly profits, sending stock back up. [CNN and NYT]

FASHION:
• Womenswear designer and consultant Graeme Black has finally ended his on-and-off love affair Ferragamo. [British Vogue]
• Irish supermodel Coco Rocha appears in Gap ads in the U.K., where the brand is more "fashion forward." The U.S. just gets Sarah Silverman, as we are more "crotch-forward." [Fashionista]
• Badgley Mischka are coming out with a lower-priced bag line. Now a hobo bag comes with a relevant price tag. [Flypaper]

MEDIA:
• All your Portfolio gossip: Scot Paltrow joined the glossy after 22 years with the Journal; Kurt Eichenwald resigned; and the cover of the second issue is a bunch of robots on an assembly line. How apropos. [WWD]
• Richard Branson apparently took an unscripted shot at Stephen Colbert and dumped a glass of water on his head in an interview we can only hope makes YouTube. [FishbowlNY/Mediabistro]
• Surprising no one, Rupert Murdoch is telling friends in private he's going to use The Wall Street Journal to take down the New York Times. [LAT]

LAW:
• Vinson & Elkins acquired bankruptcy boutique Cronin & Vris, which was founded by a few former Wachtell Lipton partners. [New York Law Journal]
• Simpson Thacher amps up its maternity leave by 50 percent. Will other firms match? [Above the Law]
• Finally, someone says what we've been thinking all year – do those associates really need to make more money? [Law.com]