There are two questions here, IMO.
To answer the 1st question, about corporations having too much power; the answer is "Yes"
As for the 2nd question about the bailout; yes and no. I think some sort of bailout was necessary to keep the economy from collapsing, and keep America from starting down a path to fascism, by way of anarchy. But I do think the banks, etc got off easy in terms of restrictions
Of course, the Supreme Court has made restraining corporate power difficult.