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Power Lunch at the Four Seasons

When it comes to a power lunch, it's not just who you have at the table, it's also a matter of where that table is. New York (Sorry L.A.) is power lunch central. There's no shortage of locations, but our own "Power Lunch" chooses The Four Seasons as its destination for seriously powerful dining.

The restaurant, which celebrated its 50th anniversary last year, is as famous for its architectural design and art collection as its clientele of celebrities and power brokers.

This time, power lunch invited a bevy of business powerhouses, including three of the biggest names in mergers and acquisitions on Wall Street — Douglas Braunstein of JP Morgan, Michael Boublik of Morgan Stanley and Ken Moelis of Moelis & Co.

Here's what they had to say:

Lehman Brothers Chairman and Ambassador Felix Rohatyn, discusses the U.S. infrastructure crisis with Bill Griffeth, saying "it raises real questions about the system, and about the controls, about the regulations and how people make sense of a lot of this."

Doug Braunstein, JPMorgan’s head of investment banking, discusses global cross-border deals and when we’ll be back to some sense of normalcy in the deal-making world.

Liz Ann Sonders, chief investment strategist at Charles Schwab, discusses where the market is heading and where investors should put their money in this market environment.

The economy is either in a recession or headed into one shortly, according to Jan Hatzius, Goldman Sachs chief U.S. economist. He said the smoking gun was the unemployment report from earlier this month.

One of the most powerful women in business, Darla Moore, president of Rainwater, discusses the current credit crisis and its root cause.

Morgan Stanley's "Merger Man" Michael Boublik discusses the M&A environment, and which types of deals are happening in today's market.

Bill O'Neill, managing partner of LOGIC Advisors, discusses the approach of $1,000 gold and what it will mean for commodities overall. As O'Neill says, "demand for commodities is through the roof."

Billionaire buyout kind Thomas Hicks, CEO of Hicks Holdings, talks about where the opportunities are for doing deals in today's market. He tells Sue Herera "we're going to look for the kind of companies we've always looked for: the middle market."

New York Times Business and Financial Editor Lawrence Ingrassia talks about what he thinks will be the biggest business stories for 2008.

Ken Moelis, president of Moelis & Co., talks with Sue Herera about mergers and acquisitions and what kinds of deals his company is making. Moelis does deals the old fashioned way, saying Wall Street has forgotten "the most important asset any firm has is their relationship with their client base."