Time magazine announced its man of the year, and while Barack Obama took top billing, Treasury Secretary Hank Paulson was runner-up, notes Time's Curious Capitalist blogger Justin Fox, who contributed to the feature.
The New York Times' editorial board has some questions for Paulson's upcoming replacement, Timothy Geithner.
Earlier Wednesday, Dealscape noted that Attorney General Michael Mukasey had recused himself from the Bernard Madoff case because his son, Marc Madoff, a partner at law firm Bracewell & Giuliani LLP, was representing a party in the case. Now, the CityFile blog has learned that Mukasey has a second reason: His synagogue was defrauded by the $50 billion Ponzi scheme.
Meanwhile, Charlie Gasparino writing for The Daily Beast looks between the sheets to uncover Madoff's relationship with the SEC.
Between the Madoff fraud, the bear market, bank failures, layoffs, lack of dealmaking and the recession, Doubledown Media's Dealmaker magazine, a lifestyle publication for bankers, may have too small of a market to survive the downturn, ponders peHUB. - Matthew Wurtzel
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