Shadow banking in the spotlight

WSJ report: AIG bailout money may be going to hedge fund clients of Deutsche, Goldman, et al. (WSJ – subscription; Reuters)

Cuomo reports AIG bonuses included $33.6 million for 52 people who have already left company; political storm gathers strength. (NYT)

Baker and Kissinger travel to Russia for talks. (Bloomberg)

Citi‘s chief economist brings record of rosy forecasts to new post at Treasury. (WSJ)

Friedman: Americans need to “suck it up,” make sacrifices, and do everything they can to support Obama administration bank bailout plan. (NYT)