VIDEO! Watch video of AIG’s Robert Willumstad and Martin Sullivan before Henry Waxman and Elijah Cummings in the House. Martin Sullivan and AIG was ripped into by Cummings – Waxman during the AIG hearing today before the Committee on Oversight and Government Reform.

Waxman compared Sullivan to Richard Fuld of Lehman Brothers.

“The AIG CEOs are like the Lehman CEO in one other key respect – in each case, they refuse to accept any blame for what happened to their companies.”

Ironically, Richard Fuld’s story here on LALATE was one of the least reported stories online yesterday but one of the most popular stories here at LALATE.

Here is what Cummings says of AIG today:

“Have you heard of anything more outrageous – a week after taxpayers commit $85 billion dollars to rescue AIG, the company’s leading insurance executives spend hundreds of thousands of dollars at one of the most exclusive reports in the nation…Let me describe for some of you the charges that the shareholders, taxpayers, had to pay. AIG spent $200,000 dollars for hotel rooms. Almost $150,000 for catered banquets. AIG spent $23,000 at the hotel spa and another $1,400 at the salon. They were getting manicures, facials, pedicures and massages while American people were footing the bill. And they spent another $10,000 dollars for I don’t know what this is, leisure dining. Bars?”

LALATE2 has the AIG video up.

Click here to watch the video of AIG today.

Click here to watch the video of Lehman / Richard Fuld yesterday.