Livin' the Life With Models and Bottles

FINANCE
• The male bankers at Bankers Ball are protesting the "stereotyping" in this week’s Look Book, in which a female ex-banker says the dudes in that field are all about “livin’ the life with models and bottles." Well, they're sort of protesting. "We can only say that the “livin’ the life” part sounds a bit awkward," admit the bloggers. "Like in what situation would you say that entire phrase together?" [Bankers Ball]
• The credit crisis goes from the board room to the court room, as Sallie Mae sues J.C. Flowers and its banks, JP Morgan Chase and Bank of America, over failure to follow through on their original $25 billion deal. [WSJ]
• Steve Schwarzman and Henry Kravis can breathe a little easier about their outrageously low tax rates. All that lobbying paid off, and Harry Reid tabled the proposal to raise private-equity taxes to the rates the rest of us peons pay. [WP]

MEDIA
• A rival bid from Morgan Stanley and Tishman Speyer threatens to derail S.I. Newhouse’s grand scheme for moving Condé Nast into a $1.5 million headquarters in the Hudson Yards development. [DealBook/NYT]
• New York Post photographer Jason Nicholas, who was convicted of manslaughter for shooting a man when he was 19, may be headed back to jail for violating his parole with a few paparazzi-style misdemeanors. [NYT]
• Arianna Huffington: liberal den mother or feudal robber baron? [Romenesko]

LAW
• Sullivan & Cromwell’s new recruiting strategy: bonsai trees! One recipient speculates, “Bonsai trees live a long time. Perhaps they want us to grow old with the firm.” Or maybe they just want you to start learning how to “bend over.” [Above the Law]
• Hofstra Law School got slammed for including a disbarred attorney on a conference ethics panel. [New York Law Journal]
• Danya Perry, a Manhattan-based federal prosecutor with a hand in the Marion Jones case, is a pretty fast runner herself. She turned in a 3:22 time in the infamously hot Chicago marathon. [Law Blog/WSJ]

FASHION
• Sugar Inc. bought Coutorture, the blog made famous for Julie Frederickson's doomed Anna Wintour interview and subsequent — and unrelated — Fashion Week meltdown. Good luck with that! [WWD]
• Thakoon is rumored to be the new Hogan designer. [British Vogue]
• Agent Provocateur is rumored to be for sale, though the naughty panty line denies it. [WWD]