I actually do not think the bailouts were needed, just the people who have been painted as the "authority" as to their necessity were mostly people who had everything to gain by the bailouts happening.

If the market had been allowed to correct naturally, and the "too big to fail" had been allowed to fail - the immediate correction would have been harsher but we would have been able to have a real recovery and not be still sitting here waiting for the other shoe to drop.

Just because a few cronies of the corrupt system like Geithner and Bernanke and some ultra Keynesian loudmouths like Krugman say something is needed does not make it so. Their doomsday predictions of the world ending if the ultra corrupt politically tied segment of the banking industry was left to burn were much exaggerated.

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)