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The networks' investigative units had a busy evening. NBC's Lisa Myers reported on Lawrence Summers, the chief economic advisor at the White House. He earned $7.9m in 2008 consulting for a hedge fund and making speeches to Wall Street firms: "While he once helped deregulate Wall Street during the Clinton years, he is now pushing for more regulation of hedge funds and Wall Street banks, which paid him those handsome fees."
On CBS, Sharyl Attkisson filed a Follow the Money report from the state of Washington, checking how federal fiscal stimulus funds are being spent in Redmond. There are two bridges there. The South Park Bridge is 76 years old, dilapidated, with corroded concrete and rotten timber. The other is a $25m project, not built yet, with "fancy landscaping, a bike lane and pedestrian walkway" to cross a freeway to connect two campuses at Microsoft's corporate headquarters. Guess which bridge will get $11m in federal funds. Microsoft--because the funds are dedicated for economic development not for safety.
ABC's investigative man Brian Ross had most fun, hanging out at midnight outside Houston's Vic & Anthony's restaurant as a lounge singer crooned Cole Porter in the background. Ross' Exclusive companion was Sir Allen Stanford, the financier under investigation for selling fraudulent certificates of deposit and laundering narcotics profits in his Caribbean banks. When Ross mentioned the laundering, the knight replied: "If you say it to my face again I will punch you in the mouth." "You are going to punch me in the mouth?" "No. I am not going to punch you in the mouth. But I am just saying that that is an absolutely ludicrous thing to say."
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