Why the different standard?
First, AIG has had it's CEO replaced. So there's the same standard.
Furthermore, the Government doesn't have the authority to abrogate contracts - it has the secure the agreement of the parties to that contract, as I've talked about before.
It might get there, but this is not yet a situation where you can indict the Obama Administration as you could with the Bush Administration's TARP program. It might get there, but not yet.