Write-Offs: 07.17.12
$$$ LIBOR Pains: How Much Will the LIBOR Scandal Cost US Banks? $35 Billion [MarketPlace/Heidi Moore]
$$$ Matthew Goldstein: JPMorgan disclosed possible misconduct to feds ahead of earnings [Reuters]
$$$Bradley T. Ratchford, the Goldman M.D. whose credit card was held hostage by The Colbert Report, is starting a hedge fund. [Bloomberg Brief]
$$$PFG Founder Has No Money For Attorney [CNBC]
$$$Bernanke Offers Bleak View in Testimony [WSJ]
$$$ Plane Flying Above Penn State Warns: “Take Down The [Paterno] Statue Or We Will” [Deadspin]
$$$Gupta Seeks Help From Friends for Lenient Sentence [FBN/Charlie Gasparino]
$$$HSBC Executive Resigns at Senate Money Laundering Hearing [Bloomberg]
$$$ Regulators accused a former citigroup employee of misleading investors about the bank's financial bet on a $1 billion mortgage-bond deal as a rare civil trial related to the financial crisis kicked off on yesterday. [WSJ]
$$$ Teens Having Sex Behind Ikea, Locals Say [DNAI]