When talking about investing in equity, then yes it is absolutely fair, and indeed a lot could have been done with the same amount of money, and should have been done.
Having said that, in the situation we are in now, I do believe we must prevent a total and uncontrolled financial collapse.
I do hope, though, that the precedent will be used in order to achieve other kinds of state investments. We will need them to kickstart main street. I am very worried, on the other hand, about the impact on critical goals like fighting poverty and preserving the environment. "The womb that spawned that thing is fertile yet"