Are these bailout packages for banks credible?

The big bailouts for the banks these days pose a lot of questions in the minds of common man.The only question comes to my mind where is my tax paid money is going .The government is creating an unnecessary amount for bailouts which actually involves our hard earned paid money to government in form of taxes.After the announcement of bailout packages the bank announces exra monetary benefits to the employees of bank in monetary form under supervision of he government .Is this ac justifiable?Government should encourage efficient use of resources rather than wasting them in form of compensation to employees.But this is posing a great problem for lay man who doesn't has power to appeal to the government.This is the problem of moral hazard where actions of government can't be checked by the people and government is taking advanage of this information asymmetry in their own favour by filling their own pockets wih huge amounts.Information asymmetry means the acion of one party cant be followed by other party due to lack of information.These asymmetric problems need to checked immidiately in order to lighten the crisis.The biggest financial crisis of an era.