"She really didn't know what was real or not, " related Molinaro, who helped with the transaction.

CNN: Unusual -- and legal -- ways to make money

Deanna Molinaro was skeptical when she was invited to one of Harrell's gold parties this summer.

CNN: Unusual -- and legal -- ways to make money

Donovan was chief of staff to Staten Island Borough President Guy Molinari for six years and was Deputy Borough President under James Molinaro.

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"She was so excited to get it, " Molinaro said.

CNN: Unusual -- and legal -- ways to make money

On Monday, Bloomberg was joined by officials from communities with the heaviest damage, including Rep. Michael Grimm, R-Staten Island, Staten Island Borough President James Molinaro, and various City Council members from the hardest hit areas.

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To borough president Molinaro, thank you so much for your leadership at a time when the folks here on this island were obviously going through extraordinarily difficult times, the people of Long Island who are going through really tough times.

WHITEHOUSE: The White House

Joining Cayne on the panel Wednesday will be former Bear chief executive Alan Schwartz, who negotiated the last minute deal with JPMorgan and the Federal Reserve, Paul Friedman, the former head of fixed income at Bear, Samuel Molinaro, the former chief financial officer, and Warren Spector, the former president.

FORBES: Next Up In Washington: Bear Stearns