Why the ware banks bailouts?

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I wonder why America and EU have banks bailout.

I would love to see mulitbilionere former bank owner bagging for money

Why do ordinary people have to pay for someone else's lavish lifestyle and mismanagement. Let go bankrupt, no one will weep for them.

The same was true of Greece which was experiencing economic crisis, Germany and France have pumped billions of euro in order to save their economies.
I myself am a Pole, Poland initially what I had to give a loan to Greece, but the right-wing parties criticized Prime Minister Tusk, called him a dog Chancellor Merkel, and that the Polish government should not give a dime on foreign aid, especially since Poland itself is a quite poor country , is not in the euro zone and the poles should not finance a lavish lifestyle for citizens of other countries.

I think part of the problem is that they lose other people's money and never their own.

the problem is we have a backscratching arrangement between bankers and politicians wherein politicians are in office for careerist motivations and bankers have them in their pockets. If the politicians dare rock the boat, their wealthy sponsors withdraw backing for their respective parties. The entire ruling ideology is to blame.

Because, like it or not (I certainly don't), the existing economic system depends on the banks. Hence, if they fail, you get big problems.

However, if you oppose bankers being given money by the government, then you really ought to oppose central banking. The state (yes, the central bank is part of the state) lends money to favoured banks at a low interest rate, and they then loan it out at a higher interest rate to everyone else...

It is basically down to be too few banks, and a system of collusion between banks and government.

One of the reason why US recovered a little faster the UK, is it has a state banking system. This mean there are more banks, albeit still dependent on bigger banks.

I'm not saying US system is much better UK. They both rely the few major banks. But the state banking system, does offer a degree of (mediocre) insulation.

If you take Barclays for instance that was formed out of 20 banks with Quaker roots. In hindsight it would have been better you had still 20 banks.

This is not so much about breaking up banks, but not allowing the protectionism, that allows them to exist when the wouldn’t otherwise.

It is also why China not doing to well currently having two of the largest banks. Deeply colluded.