peHUB First Read

* Michelle Leder on how banks are spinning their participation in the Fed rescue. In short: They're only doing their patriotic duty. * Henry Waxman to banking honchos: Justify your pay. * Morning Call: All eyes on another Fed rate cut, but U.S. futures point to early losses. * McCain and Palin sit down with Maria Bartiromo. * Five months ago, George Bilicic left Lazard to launch an infrastructure group (and dedicated fund) for KKR. Now he's back at Lazard. * How to ruin your weekend, in three easy steps. * Gossip Girl name-drops Warren Buffett. Does that mean both of them have jumped the shark?

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