Write-Offs: 08.05.11
$$$S&P Downgrades US Credit Rating to AA-Plus (AP)
$$$Italy Vows Faster Fiscal Consolidation (WSJ)
$$$US downgrade to hit repo agreements most (Reuters)
$$$Sex Offender Accused In Cat's Death (Omaha)
$$$Citi To Hire 500 Military Veterans (FINS)
$$$Carlos Slim Loses $8 billion in 4 days (Bloomberg)
$$$ CNBC's Mandy Drury and Courtney Reagan: SAMESIES! (TwitVid)
$$$Deustche Bank Executive Puts Up A Fight (Dealbook)