P.T. Barnum may have suggested that nobody ever went broke underestimating the intelligence of the American people (many think it was Baltimore's H.L. Mencken who said it). Whomever said it was apparently wrong. AIG won't get a free pass simply by changing its name.
People remain honked, and while it has turned into a witch hunt, we don't blame them.
We're not holding a grudge about those AIG employees who had contracts to receive bonuses, although we question whether a contractual bonus is, in fact, a bonus for performance rather than a clever way of structuring compensation.
No, in fact, we agree with the United States Constitution's "contracts clause:"