> Bailouts aren't following some rules of fairness

And people wonder why populism came back. Huge transfers of wealth aren't about 'fairness', its about preventing greater economic problems that the people who received the bailout say will happen if they don't get bailed out.

At the end of the day, this line of thought is going to fuck over the country far more than any depression would.

It's the same line of thought that says countries should subsidize local agriculture. The alternative would be greater specialization in food production and greater risks if those specialized countries fail to provide for their dependants. No doubt there's some influence of farmers trying to get wealth transferred to themselves but that doesn't mean it doesn't also benefit the rest of the population.