Write-Offs: 07.11.11
$$$Italy Evolves Into E.U.'s Next Weak Link (NYT)
$$$Obama Urges ‘Largest Possible Deal’ on Debt (Bloomberg)
$$$California’s June Revenue Is $440 Million Above Estimates, Controller Says (Bloomberg)
$$$Bank of America, Morgan Stanley Touch Crisis Lows (Deal Journal)
$$$Ex-Goldman Director Can Pursue Case Against SEC (WSJ)
$$$Moody's Raises 'Red Flags' at 61 Chinese Firms (WSJ)
$$$Economists Finally Admit: We're Clueless About Jobs, Too (NetNet)
$$$Sergeant Sues Citi Over Home Foreclosure (WSJ)
$$$Credit Terms Improve in Shadow Banking System (RT Economics)
$$$Best Currency Forecasters Say Dollar Slump Over (Bloomberg)
$$$Foreign investors target US real estate (FT)
$$$What are gold fund outflows really saying? (FT Alphaville)
$$$Nomura Trader Fuchs Said to Plan Own $400 Million Hedge Fund (Bloomberg)
$$$Stun gun found on JetBlue plane (CNN)