You edited to add the "Both approaches" sentence, so I'll respond to that, too:

I wasn't arguing that the bailout means no bending over; I would hope that there was still plenty of that, just for the right people. I'd prefer it be the executive who ran his company into the ground and is now scared shitless of living on 500k a year, rather than my neighbor with 2 kids who lost his job b/c of said executive's incompetence.

But maybe you're right, maybe everyone's going to end up with it. We'll see.