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Monday, NBC's Lisa Myers and CBS' Bob Orr filed from Capitol Hill as the House kicked off hearings on the financial crisis. First up to be grilled were the former bosses of Lehman Brothers. Now Myers, again, and ABC's Brian Ross followed the second day, with Martin Sullivan and Robert Willumstad on the hot seat, two former bosses of American International Group, the now-nationalized insurance conglomerate. Myers and Ross both told us about the $440,000 week-long resort-and-spa retreat on the California coast that management enjoyed just days after taxpayers saved AIG from bankruptcy. And both told us about Joe Cassano. He "ran a high-risk AIG investment division in London and is blamed for most of the losses," as Ross put it. When Cassano was fired he was given a $34m bonus and a $1m per month consultant's fee. Ross noted that both Sullivan and Willumstad reassured investors about AIG's financial health despite auditors' warnings to the contrary: "That is the kind of thing that put the executives of Enron behind bars."
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