I suppose something had to be done to stop a global bank collapse, however deserved through decades of conspicuous consumption at the expense of the biosphere. But rescuing troubled bankers when the Earth and her life is dying is a bit like redecorating the Titanic as it sinks. Yet the speed and extent of the financial sector's massive bailout shows what is possible when society perceives a calamitous problem and rises swiftly to the challenge. If fat cat bankers are deserving, the biosphere and global ecological systems are much more worthy and in need of a bailout.
The ginormous task of our generation's environmental movement is to demand action and expenditures commensurate to the threats posed. It remains to be seen whether growth obsessed capitalism is redeemable; yet interestingly, prudent and ethical banks have largely been untroubled.