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Write-Offs: 07.07.10

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$$$ "Financial engineering by Wall Street has been a huge part of hospital's financial problems and has even translated into a lack of hospital beds," said Brian McGough, a managing director of health-care investments at Bank of Montreal Capital Markets in Chicago. [WSJ]

$$$Goldman, Morgan Stanley Face Profits Squeeze From Bonds [Reuters]

$$$ TARP Program Profitable for US [CNBC]

$$$Waiting on LeBron Drives Madison Square Options [Bloomberg]