Disgusting!
http://www.nytimes.com/2009/03/15/business/15AIG.html?_r=1&hp
And further disgusting: We don't know the names of those counterparties being bailed out along with AIG, who are not innocent and therefore could not have won a breach of contract suit:
http://www.nytimes.com/2009/03/15/opinion/15sun1.html