Write-Offs: 07.28.11

$$$S&P Bluffing on US Downgrade? (MarketBeat)

$$$Reid: Senate will vote down Boehner debt plan as early as tonight (WaPo)

$$$Cristiano Ronaldo's new position: bank collateral [PressEurop]

$$$Citi, Goldman Mortgage Bond Traders Leave (Bloomberg)

$$$Millennium Hedge Fund Is Said to Hire Former BofA Proprietary-Trading Team (Bloomberg)

$$$Katie Benner: The Forbes family's big deal causes big trouble (Fortune)

$$$Apply Today For An Internship At Wu-Tang Management! (Gothamist)

$$$Lazard lowers compensation ratio (FINS)

$$$MF Global Chalks Up Best Quarter In Nearly 3 Years (WSJ)

$$$Blackstone targets $3B-3.75B for mezzanine fund (Reuters Buyouts)

$$$Madoff trustee in $1 billion settlement with Tremont (Reuters)

$$$Wall Street still gives big cash to Obama (Reuters)

$$$‘Arrested Development’ movie confirmed (Daily Caller)