• Bank of America sold off a $7.3 billion stake in China Construction Bank as it seeks to raise cash. Good news: only $26.6 billion to go! [DB]
• Andrew Cuomo is expected to announce that Hank Morris has pleaded guilty in the pension fund probe and will be cooperating with the investigation. [WSJ]
• Citigroup has lent out the same amount it's taken from Washington ($45 billion), a sign that Vikram may have a heart, after all. [AP, Dealbreaker]
• AIG's Ed Liddy will defend his company's rep in front of a Congressional panel today. At the very least, he can report the busted insurance giant is $1.2 billion richer now that it's sold off its Tokyo headquarters. [WSJ, DB]

Here, an excerpt from WSJ reporter Kate Kelly's soon-to-be-released book on the fall of Bear Stearns, in which she relates how former Bear CEO Jimmy Cayne (who recently called her a "cunt") smokes mad weed:

In your aspirational Monday media column: Jimmy Cayne's a rat bastard, Scottie McClellan spawns, Liz Smith groks the email, and newspapers do various sad things: