The governments bailed-out the banks on our behalf. We were not given a choice.
The insurance companies needed bailing-out (I would have let them go down) because the banks had sold them billions of dollars worth of securitized, toxic debt. Many of the sales were actually illegal but - instead of prosecuting the miscreants - they changed the law to keep them out of the clink. Which is understandable - an awful lot of Wall St insiders do serve as advisors and what-not to government and congressmen.
They are now after your savings and pension. By keeping interest rates down to around zero, with price inflation running at around 5% (its probably much higher) and the value of the dollar (and sterling) falling all the time - the buying power of any money you have in the bank and the final value of your pension is being eroded at about 15% to 20% per annum. On top of this nobody is getting a pay rise. Have a nice day.