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Write-Offs: 03.02.11

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$$$ Falcone Allows 'Direct Investments' In LightSquared [Reuters]

$$$ A Test Where The Banks Had The Questions And The Answers [Dealbook]

$$$Long-Short Funds' Exit Creates Void [WSJ]

$$$ Treasury Recoups $2.7 Billion in Ally Financial Sale [AP]

$$$Bernanke Tackles Hot-Button Issues In Capitol Hill Showdown [WSJ]

$$$ John Carney has a theory for 'why smart men date dumb women' [NetNet]

$$$ Snapping Arizona Dog Takes Over Family's Fridge [NYT]