Well, the FED is out of its investment in AIG, but the treasury dept needs about $40billion for its shares to break even, plus it's owed around another $10billion or so, secured by the remaining asian shares among other aig assets.
Nevertheless, why do you think there will need to be another Fed bailout? They represent no systemic risk at this time.
If it fails now, no one is hurt other than its stakeholders, meaning the common shareholders and maybe some bond holders. Other insurance companies will take over their book of clients, and the reserves that go with them.
Taxpayer will lose some money if we can't sell our shares for breakeven, which is about 28.70 or thereabouts.