@Baldimo,
I believe it was former president George W. Bush who provided the first bailout.
President Obama followed suit.
Then a curious thing happened the American people investigated the bank thievery and found it to be caused by unregulated bank activity with the American people's money... So President Obama and the democrats investigated and drew up legislative bills to regulate the banks so the American people's life savings would not be gouged again by such unscrupulous activities. The democrats tried to fix the problems that caused the crash in the first place and the republicans blocked any and all attempts to regulate the banks. The republicans accepted bribes from bankers and lobbyists and used that money to further their anti-American, anti-capitalist agenda. Remember, capitalism is supposed to be fair not monopolized and derided by underhanded dealings. While the democrats acted to protect the American people from further bank failures the republicans colluded with the very people who profited from the crash.
Why did President Obama pay the banks?
Well because the American people's money was GONE thanks to the banks, republicans, and their deregulation.
So had President Obama not paid the banks, the only parties that would have been left in the cold would have been the American people.
Isn't that a nice way for your republican predecessor to leave office with the bank just having been robbed and the new republican "Tea Party" thwarting all attempts to reign in on the bank thievery?
When President Obama took office, literally the American people's money was floating in the harbor, their life's saving burning up and the Tea Party and banks were celebrating together...
Did I clear that up for you?
I hope so.