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Write-Offs: 03.21.11

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$$$ Japan Quake May Cost Life Insurers $4.9 Billion, Moody’s Says [Bloomberg]

$$$City banker sacked after taunting NHS staff with £10 note [Mirror]

$$$ "I made some very bad mistakes and made some very bad decisions. I lost my moral compass," Mr. Poteroba told the judge before being sentenced two two years for insider trading. "I'm deeply ashamed of my actions and my irresponsible conduct." [WSJ]

$$$ Q&A with Jeffrey Kaplan, BofA's outgoing M&A chief and David Tepper's new hire [The Deal]

$$$ Wells Fargo Says CEO Was Paid About $19 Million for 2010 [Bloomberg]

$$$ Hedge-fund manager Paul Singer recognized the risks of subprime mortgages and bet against them. Now he warns that monetary policy could cripple American banks again. [WSJ]