Write-Offs: 07.18.11

$$$Fitch Says Treasurys With Missed Payments Would Get B+ Rating (WSJ)

$$$Default Insurance on U.S. Burbling a Bit (MarketBeat)

$$$With $1.5 Trillion of U.S. Debt, China Can Only Grumble (NYT)

$$$US muni market braced for busiest week of year (FT)

$$$ Hermon Raju, commuter who verbally attacked train conductor, seeking PR expert to fix reputation (NYDN)

$$$Calif. Pension Funds Gain Most in Decade (Bloomberg)

$$$Oppenheimer & Co. set to move to 85 Broad St. (NYP)

$$$Carson Block drinks beer, leaves questions (Globe and Mail via FT Alphaville)

$$$UBS hires KBW global equity capital markets head (Reuters)

$$$PwC to invest $100 mln in Africa, hire 8,000 staff (Reuters)

$$$Dave & Buster's Files for IPO (WSJ)

$$$Fun With Relative Values: Internet Hottie Edition (Reformed Broker)

$$$Charlie Sheen's 'Anger Management' Comedy Moves Forward (Hollywood Reporter)