It seems like you're presenting a false dichotomy, where the options are the bailouts we gave, or nothing. We could have bailed out the banks without rewarding

It seems like you're presenting a false dichotomy, where the options are the bailouts we gave, or nothing. We could have bailed out the banks without rewarding all the bad actors involved at the same time, i.e. harsher terms for the bailouts. What we actually did is broadly excuse impropriety in the financial sector.