Write-Offs: 07.08.10

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$$$U.S. gives China pass on currency [Reuters]

$$$Hedge Funds Increase Short Exposure Yet Still Suffer Poor Performance [MF]

$$$ Meltzer Says U.S. Economic Programs Have Been `Foolish' [Bloomberg]

$$$Casino, Gambler Who Lost $127 Million Near Settlement [WSJ]

$$$Former NIR Group Analyst Accused of Securities Fraud [Forbes]

$$$ Joe Cassano's Facial Expressions [NYO]

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