Was the initial bailout refusal just the politicians influencing the market for their own personal gain?

In the USA politicians are allowed to own and trade shares and in fact most of the Bush administration are corporate directors. In other (western) nations this is not allowed as it is an obvious "conflict of interests". Can't people see these guys have just played (influenced) the market for their own gain? When they refuse the first bailout, the sharemarket crashes enabling the politicians and their fat-cat cohorts to move in and clean up all the stocks they can at bargain prices which in turn drives the market up again contrary to general feeling. This alone should have raised suspicions. Then when they agree to the bailout confidence returns to the market driving stocks further up again and these dirty rats (politicians) have made themselves millions in a couple of days. Even before the first bail-out talks myself and a few friends predicted this scenario would progress exactly as it has and we managed to do quite well for ourselves too. But how can those congressmen and senators be allowed to get away with this?