If you remove the Goldman Sachs alumni connections, and look at it from the perspective that the Fed and Treasury really did not want to perform any bail outs o

If you remove the Goldman Sachs alumni connections, and look at it from the perspective that the Fed and Treasury really did not want to perform any bail outs or rescues unless absolutely necessary, then the whole thing (sort of) makes sense. The tentacles of AIG reached far and wide, to such things as insurance on commercial jet liners and if AIG had gone under, those planes would have contractually been not allowed to fly. Yet it's incredibly difficult to believe the Fed and Treasury were completely against any bailouts, considering that 6 months before, a rescue package was offered to Bear Stearns, and the eventual purchase of Bear by JP Mogran was effectively guaranteed via the NY Fed's backing. I want to believe it was for reasons other than influence by GS and their alumni, but that is a hard sell.