Money misdirected

Cuomo sues Merkin for steering money to Madoff. (NYT)

Sachs says GeithnerSummers plan is even worse than he thought because it is so easy to game the system. (HuffPost)

In controversial move, Gates announces plans to shake up defense programs and cut pet projects. (WSJ)

Powerful CIO of TARP, a Paulson hire, profiled in today’s Journal. (WSJ)

Bloomberg commissioned telephone survey last month that spread damaging information about rival. (NYT)

UNC cruises to national title. (NYT