Write-Offs: 08.15.11
$$$Paulson’s Hedge Fund Sells Citi, BofA Shares (Bloomberg)
$$$Matthew Goldstein: Berkowitz's Fairholme slashes US stock holdings (Reuters)
$$$Roubini: Karl Marx Had It Right on Capitalism (NetNet)
$$$Thiel’s Clarium Returns to Tech Investing After Big Losses (Bloomberg)
$$$ Moody’s Lowers Economic Growth Outlook (WSJ)
$$$What happened to Whitney's credit ratings agency? (FINS)
$$$Fed's Lockhart says U.S. recession risks have risen (Reuters)
$$$Chinese Jews Face Existential Questions (WSJ)
$$$Market ills give CNBC a bounce (NYT via TRB)
$$$On Monday, lawyers for TCW sought to show that Mr. Gundlach, who has referred to himself as “the Pope” and “the Godfather,” was plotting to start his own firm long before he was fired. The jury of seven men and five women was shown e-mails between Mr. Gundlach and his lieutenant, Philip Barach, in which Mr. Gundlach accused Marc I. Stern, TCW’s chief executive, of trying to drive a wedge between the two men. “You deserve better. I deserve better. We deserve better. It’s really an easy decision now,” Mr. Gundlach wrote. (Dealbook)
