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Although they're allotted $100,000 to redecorate, Barack and Michelle Obama will spend their own money updating the White House. The first family has turned to Michael S. Smith for the task. The designer has worked for Steven Spielberg, Rupert Murdoch and former Merrill Lynch CEO John Thain, whose decorating habits have come to epitomize corporate greed.

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New York Attorney General Andrew Cuomo sent out subpoenas to Bank of America's Chief Administrative Officer J. Steele Alphin and recently ousted Merrill Lynch Chief Executive John Thain on Tuesday to look into hefty bonuses paid to Merrill Lynch higher-ups late last year -- even as the company was bleeding billions in losses.

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