The hearing's chairman, Paul Kanjorski, suggested that the AIG mess could force Congress to reconsider any future largesse.

ECONOMIST: American International Group

"No firm should be considered to be too big to fail, " said Democrat Paul Kanjorski, who sponsored the proposal.

BBC: 'Too big to fail' US banking law

Congressman Paul Kanjorski, who heads the House Capital Markets Subcommittee, says he will hold hearings into the Madoff scandal as soon as Congress returns in January.

NPR: Madoff Placed Under House Arrest