Write-Offs: 06.28.11

$$$BofA Nears $8.5 Billion Settlement on Mortgage-Securities Claims (WSJ)

$$$Eric Cantor Is Short Treasurys (Sort Of) (MarketBeat)

$$$Markets Rise as Home Prices Turn Upward (NYT)

$$$French Bank Plan for Greek Rollover Is Conditional on No Default Rating (Bloomberg)

$$$ Tri-State Terror! Moody’s Lowers Connecticut Outlook (MarketBeat)

$$$Up to one in six EU banks set to fail stress test-sources (Reuters)

$$$Whitney goes Harold Camping on munis (MarketWatch)

$$$Collapse of crude spreads catches traders (FT)

$$$SEC on lookout for bubble-era IPO practices (Reuters)

$$$ New Jersey Seeks Loan To Plug Cash Shortfall (WSJ)

$$$Zynga Preparing to File IPO (WSJ)

$$$Google Introduces Facebook Competitor, Emphasizing Privacy (NYT)

$$$Champagne Wishes and Condominium Dreams Of Gary Foster (Dealbook, DB)