Fly on the wall has explaining to do

US has had government-appointed attorney inside AIG board meetings and on-site since 2005. (WSJ)

Cummings and 26 other members demand detailed information on why AIG made full payments to counterparties. (NYT)

Gillibrand defended Big Tobacco as lawyer at New York firm during ’90s. (NYT)

Treasury releases sweeping regulatory changes; SEC chair says fears of end of hedge funds are unfounded. (WSJ)

White House meeting at noon will include Dimon, Pandit, Blankfein, Lewis; Summers says meeting is measure of ties between government and banking industry. (Bloomberg)