Maybe, but this TIME magazine report makes it clear why the Feds weren't going to let AIG collapse.
What a (financial) mess we're in. And as I see it, what a way to discredit the policies of the Bush administration. This blogger often has made clear his dissatisfaction with the current administration, but I also believe that no one benefits by attacking now. Set aside whatever opinions you have of this leadership, we still need it to be proactive in assisting the financial community in putting itself back on solid footing.