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Write-Offs: 01.21.11

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$$$ Prosecutors Say Morgan Stanley Banker Passed Deal Tip to Galleon [WSJ]

$$$ BofA's Writedown Means Moynihan `Better Do Better' (or else!) [Bloomberg]

$$$ Trading probe reveals the temptations for "experts" [Reuters]

$$$ You think houses are a slow sell? Try unloading a yacht. [NYT]

$$$ Las Vegas tourist sues for refund from prostitute after sex act led to ‘tragic’ arrest threat [LVS]

$$$Accounting Tweak Could Save Fed From Losses [Reuters]

$$$Banks Want Pieces of Fannie-Freddie Pie [NYT]

$$$ John Carney Thinks Bank of America Is Probably Still Screwed [NetNet]