Write-Offs: 08.04.10

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$$$Falcone's wireless plan relies on hedge fund assets [Reuters]

$$$ "I do feel I'm attacked from certain quarters," said Tesla's Elon Musk. "If you're starting a company in an industry that hasn’t had a successful start-up in many decades and you say you're going to succeed, unless somebody really understands why you're going to succeed their automatic reaction is that you're not going to succeed…It is not unreasonable for conventional wisdom to say Tesla is not going to be successful. If I had a dollar for every time someone brought up DeLorean, I wouldn't need an IPO. For a lot of people out there, certain journalists in particular, they assume that we must be some combination of a fool or a liar. Or maybe both. Because we're saying we're going to succeed." [Bloomberg]

$$$Paulson & Co Takes Bearish Turn [FT]

$$$Steve Rattner And The SEC [VF]

$$$ "Everybody came to the party, and we all have the headache and the hangover," Mr. Parsons said Monday. [NYO]

$$$Rudy Giuliani's Daughter Picked Up for Shoplifting At Sephora [WSJ]

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