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Write-Offs 12.20.07

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$$$ Goldman, Lehman, Morgan Lift Bonuses; Bear Cuts Them [Bloomberg]
$$$ Credit Default Swaps: Tick, Tick, Tick, Tick . . . [Overhedged]
$$$ How communication explains Morgan Stanley's losses and Goldman Sachs's profits [Blogging Stocks]
$$$ Where was Jimmy Cayne today? Not on that Bear Stearns earnings call. [Market Beat]

101 Dumbest moments in business. [Fortune]
$$$Wall Strip: We didn’t kill the market.