Write-Offs: 08.06.10

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$$$ SAC Capital reported a 3.7 percent gain in July, according to an investor. [Reuters]

$$$Fired Fannie Contractor Alleges She Was Blackballed [WSJ]

$$$Dan Loeb, You're Boring Me [II]

$$$Does Citibank's S. Larson Really Exist? [WSJ]

$$$ "What a difference a quarter makes! Waking up in cold sweats to a recurring nightmare of Keynes waving his finger at you and repeating, “The markets can remain irrational longer than you can remain solvent,” while a drunken Santa Clause bellows, “You’ll shoot your eye out kid,” is not exactly what we had in mind when we began managing money for friends and family a few years back. But after scratching our heads daily as markets marched steadily higher through the first four months of the year, investors now appear to be dragging their feet toward the sad conclusion that Reality Bites." [PDF]

$$$BP May Name Citigroup to Lead $20 Billion Oil-Spill Claims Fund [Bloombeg]

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