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Sorry, no paycheck for you. That's the unprecedented demand put on Bank of America (BAC) CEO Ken Lewis by the Treasury's pay czar Kenneth Feinberg. According to The Wall Street Journal, the BoA chief has been asked to give back the roughly $1 million he's collected so far this year and forgo another $1.5 million still due to him. Oh, and no 2009 bonus either. But don't feel too bad for Lewis. "Mr. Feinberg pushed for the deal because he thought the package of retirement benefits and unvested stock Mr. Lewis takes with him when he steps down at year's end—currently worth at least $69.3 million, according to securities filings—was large enough, and possibly too big," the newspaper writes. While Lewis "voluntarily agreed" to the arrangement without much fuss, others on pearl jewelry Wall Street were outraged. "This is punitive," exclaimed banking analyst Nancy Bush of NAB Research.
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The New York Times notes that the Lewis forfeiture comes as the controversy around BoA's Merrill Lynch acquisition intensifies. Citing sources, the NYT says BoA will turn over documents implicating Wall Street law firm Wachtell, Lipton, Rosen & Katz in a massive shareholder cover-up. The firm "initially advised Bank of America to withhold information about the perilous state of Merrill from the bank’s shareholders, but later advised it to alert federal officials to the growing losses, according to four people with direct knowledge of the matter," the pearl jewelry wholesale newspaper writes.

The worst of the recession is over for Google (GOOG), the business press are declaring this morning. The Net juggernaut astounded Wall Street with a recession-defying third quarter profit on Thursday. Sales were up 7 percent and net profit rose a whopping 27 percent to $1.64 billion from the year earlier period thanks to a solid rebound in online advertising. "While there's obviously a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and we're seeing lots of signs of that in all of the industries that we pay attention to," Google Chief Executive Eric Schmidt said on a conference call following the results, the wholesale pearl jewelry WSJ reports. The Financial Times takes the statement a step further, paraphrasing Schmidt as saying "the advertising revival appeared to have spread across the Internet more broadly." According to the NYT, Google plans to rehire thousands and once again rev up the acquisitions and investment. "Mr. Schmidt said that while some uncertainty remained about the pace of the recovery, Google is 'very optimistic about the future. We now have the business confidence to invest heavily in the next phase of innovation,'� the newspaper writes.

Bernard Madoff's Montauk beachfront home on the tip of New York's Long Island sold for $9.41 million, well above the listed price of $8.75 million despite the plunge in real estate prices across the country, which means that more money will go back to the victims of the largest ponzi scheme in history.
Photo: Madoff Premium on Beachfront Home
A three million dollar ocean front home jointly owned by Bernard Madoff and his wife, Ruth, is seen... Expand
A three million dollar ocean front home jointly owned by Bernard Madoff and his wife, Ruth, is seen in Montauk, N.Y. in this March 2009 file photo. Madoff's Montauk beachfront home on the pearl jewelry tip of New York's Long Island sold for $9.41 million, well above the listed price of $8.75 million despite the plunge in real estate prices across the country, which means that more money will go back to the victims of the largest ponzi scheme in history. Collapse
(John Dunn/AP Photo)
More Photos

"Buyers were extremely enthusiastic about the location of the house and its potential and not at all put off by the fact that it was Bernie Madoff's house," said Pamela Liebman, CEO of Corcoran group real estate.

CLICK HERE FOR A TOUR OF BERNIE AND RUTH'S BEDROOM.

Liebman said she received multiple bids for the pearl jewelry wholesale home and that the company donated all commissions back to the Madoff victim fund.
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The buyers were adamant that their names not be released, she said.

Roland Ubaldo of the Southern District of New York Marshal Service and in charge of auctioning off the convicted conman's homes and boats said he was happy to get so much money for the victims. He said, "That's been our goal from day one -- to give back to the victims as much as possible."

Click here to read an excerpt of Brian Ross' new book - The Madoff Chronicles.

There was great interest in the Madoff home after U.S. Marshals put it wholesale pearl jewelry on the market and conducted a video tour for news cameras. Corcoran real estate agents said they received multiple offers.

Click here for complete Blotter coverage of Madoff and his Ponzi scheme.

"As soon as you walk into it, there is an understated elegance you don't see from the outside," said Ubaldo as he walked reporters through the 3,000 square foot home last month.

The federal deficit soared to a record $1.42 trillion at the end of the 2009 fiscal year, the Obama administration announced today, blaming the shortfall on the Bush administration.
Photo: Federal Deficit Hit Record $1.4 Trillion in Fiscal Year 2009
The federal deficit soared to a record $1.417 trillion at the end of the 2009 fiscal year, the Obama administration announced today, blaming the shortfall on their predecessors, the pearl jewelry Bush administration.
(ABC News Photo Illustration)

"The FY2009 deficit was largely the product of the spending and tax policies inherited from the previous administration, exacerbated by a severe recession and financial crisis that were underway as the current administration took office," the Treasury Department and Office of Management and Budget said in a statement.

The Obama administration stated that their economic rescue and recovery efforts accounted for only 24 percent of the total deficit.
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This year's record deficit stems from increased government spending to beat back the recession and the financial crisis, as well as decreased revenue from tax receipts. For the fiscal year that ended Sept. 30, the government racked up overall receipts of $2.1 trillion, but outlays totaled $3.5 trillion. Federal borrowing from the public net of financial assets, the department said, rose by $1.417 trillion to $6.71 trillion, 47 percent of pearl jewelry wholesale GDP.

The year-end deficit came in $162 billion under the Obama administration's most recent projection of $1.58 trillion. Originally, the administration had projected in February a deficit of $1.84 trillion, but reduced its projection in August to $1.58 trillion. The final deficit numbers released today were even lower than that, at $1.417 trillion, due to outlays $132 billion lower than anticipated in August because fewer funds from the wholesale pearl jewelry Troubled Asset Relief Program were spent.

"This year's deficit is lower than we had projected earlier this year, in part because we are managing to repair the financial system at a lower cost to taxpayers," Treasury Secretary Tim Geithner said in a statement. "But future deficits are too high, and the President is committed to working with Congress to bring them down to a sustainable level as the economy recovers."

The New York hedge fund billionaire indicted today in an alleged $20 million insider trading scheme, Raj Rajaratnam, was a major contributor to the campaigns of Hillary Clinton and also the single largest known U.S. contributor to a charity linked to the Tamil Tiger terror group in Sri Lanka, according to records obtained by ABCNews.com.
Photo: Indicted N.Y. Financier Gave Big to Hillary and Terror Charity: Raj Rajaratnam Accused in $20 Million Insider Trading Case
Raj Rajaratnam, billionaire founder of the pearl jewelry Galleon Group, a major hedge fund, is led in handcuffs... Expand
Raj Rajaratnam, billionaire founder of the Galleon Group, a major hedge fund, is led in handcuffs from FBI headquarters in New York Friday, Oct.16, 2009. Rajaratnam was charged with insider trading in the stock of several companies including Hilton, Clearwire, and Google. Collapse
(Louis Lanzano/AP Photo)

Rajaratnam is accused of operating an elaborate insider trading operation through his Galleon Group hedge fund, which made him one of the wealthiest men in America with an estimated net worth of $1.3 billion.

The case against Rajaratnam and the five others indicted alleges they netted over $25 million in profits and marked the first time a court authorized wire taps were used in a hedge fund case.

A Sri Lankan native, Rajaratnam gave more than $3.5 million to the Tamil Rehabilitation Organization (TRO), whose assets were frozen by the U.S. Treasury Department in Nov. 2007 because of its alleged ties to the Tamil Tigers.

According to documents filed with the IRS, Rajaratnam's contributions to pearl jewelry wholesale the TRO were made in 2005 and 2006 through a separate charity, which he founded in the wake of the tsunami which hit Sri Lanka in Dec. 2004.
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Despite its stated relief efforts, the Treasury Department described the TRO charity as "a front" for Tamil Tigers fundraising and procurement in the United States.

"TRO passed off its operation as charitable, when in fact it was raising money for designated terrorist group responsible for heinous acts of terrorism," said Adam Szubin, director of the Treasury's Office of Foreign Assets Control at the time.


The Tamil Tigers waged a bloody insurgency against the government of Sri Lanka in which both sides were accused of civilian atrocities. Under the Clinton administration, the State Department designated the Tamil Tigers as a terrorist organization in 1997.

Sri Lankan government officials alleged that wholesale pearl jewelry contributions funneled through U.S. and Canadian-based charities prolonged the group's bloody campaign.

The leader of the Tamil Tigers were killed by government forces in May, effectively putting an end to its insurgency.

In the office of Dr. Randy Wexler, flu vaccinations are usually a simple routine -- the patient arrives, gets the shot, and leaves shortly thereafter.
PHOTO: Vaccine Shortage
Hundreds of county residents wait in a long line for the H1N1 vaccination shot at a clinic held by... Expand
Hundreds of county residents wait in a long line for the H1N1 vaccination shot at a clinic held by the Montgomery County Health and Human Services, Oct. 14, 2009, at the pearl jewelry Dennis Avenue County Health Center in Silver Spring, Md. Federal health officials say shortages will persist, due to production delays. Collapse
(Tim Sloan/AFP/Getty Images)

But Wexler, an assistant professor at Ohio State University, says that recently, what a normally simple matter has become a big headache, as frustrated patients line up for a shot that is currently in short supply.

"We are getting killed here," he said. "We get calls daily to be put on the H1N1 'list,' though… people who are not on the high-risk list get upset when told that [there is no list]."

With more than twice the number of phone calls per day, and a growing number of flu patients, he said, "this is just the beginning… [it's] going to be a long winter."
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Wexler is not alone. At a time when federal health officials and state health departments are reassuring the public that there will be enough doses of the new vaccine to go around, a slow and sporadic supply has caused trouble for doctors on the ground who must address their patients' demands for the pearl jewelry wholesale vaccine.

Judging from what health officials have to say, it may be a while yet before the supply problems are ironed out.

At a Friday briefing, Dr. Anne Schuchat, director of the CDC's National Center for Immunization and Respiratory Diseases, said that while the CDC had predicted there would be around 40 million doses available for use by end of the month, the new estimates have been slashed to 30 million or less – making it much more challenging for states to vaccinate their populations for several weeks to come.

The CDC affirms that eventually there will be enough H1N1 vaccine for all, and most of the state and county health departments contacted by the ABC News Medical Unit did not wholesale pearl jewelry seem as distressed about supply.

"It's not a shortage," said Amy Caruso, the public information officer for the state of North Carolina. "More is on its way; they're going to keep producing."

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