Write-Offs: 07.25.11
$$$Senate and House Still Far Apart on Debt in 2 New Plans (NYT)
$$$U.S. default could spark CDS confusion (Reuters)
$$$U.S. agencies look for credit rating alternatives (Reuters)
$$$IMF calls for US to raise debt ceiling and cut spending (BBC)
$$$Hoenig - Fed should raise rates from near zero (Reuters)
$$$At E*Trade, Morgan Stanley Is In; J.P. Morgan Is Out (Deal Journal)
$$$Mayor Emanuel’s Hedge Fund Helper (Crain’s via DealBook)
$$$Jim Rogers on a Possible Downgrade: The U.S. Already Has Lost AAA Rating (Deal Journal)
$$$BP Breakup Worth $100 Billion to JPMorgan as Investors Doubt Dudley’s Plan (Bloomberg)
$$$Russian bikini models in high heels wash cars -- for Putin (USA Today)