Please see this interview (on video and in transcript) of Howard Zinn discussing the bailout. He confirms my point of view and he is an expert.
Certain grownups keep telling me this is just a market downturn of which we should think nothing. Like that compound fracture in your leg, which is just a scratch, get some sleep and you will have forgotten about it by tomorrow.
Others say that this is the worst crisis since the thirties and that is why we should give more money to the institutions which caused it. Zinn points out that the solution discovered in the thirties was to distribute money elsewhere.