Write-Offs: 08.04.11

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$$$Dow tumbles 500 points in global rout (WSJ

$$$ Matthew Goldstein: The Paulson Advantage Plus fund is down 21.6 percent for the year after the fund fell 4.63 percent in July, according to people familiar with the firm who declined to be identified. The Paulson Advantage fund is down about 15 percent for the year. (Reuters)

$$$Ex-MLB player charged with insider trading (Fortune)

$$$ Benmosche: AIG No Longer Beholden to US Government (CNBC)

$$$French Court Orders Lagarde Probe (WSJ)

$$$China Will Escape a ‘Hard Landing’: Li Ka-shing (Bloomberg)

$$$Meredith Whitney: Right On Goldman, Right On Munis Too? (NetNet)

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