Bailout plans are they a neccessity or a conspiracy?

Well every other country and even a sectors within countries and planning to bailout banks, airlines etc. After the US government came forward to bailout the US financial sector, European governments and in fact Central Banks all over the world have also come up with plans to rescue their respective big banks. In India, there are also plans to rescue the airline industry which is in doldrums.

The question is whether this is really neccessary that the governments are coming forawrd to do this with the tax payers money? If these governments really had so much spare money why did they not come forward to rescue Africa as a whole country, I am sure if they made an effort to do something Africa would have been above poverty line a long time back. Don't these countries have a little courtesy to atleast bring some stability in the African countries after taking away their resources like coal and diamonds to make themselves rich and wealthy?

I think these bail out plans are nothing but a huge chance for politicians to fill their pockets before leaving their postitions. And the so called bad assets which they claim to take over are nothing but wealthy businessmen who had falsely valued houses and taken huge loans against them, but in fact the houses or lands costed much lesser than what they claimed to be. This was widely done by many businessmen, taking the housing market down. So why are the governments saving them?

I think this is a huge conspiracy, when one government started doing it, other countries have also come forward with similar plans, no one knows how far this is going to last, but I am sure that it is going to get even worse in the next year.