Really? Seems pretty obvious - purchasing assets helps their friends in Goldman and Citibank. Handing out money helps the poors. If you were a fat cat banker, what would you do? This, despite the fact that the utility of money is greater for the poors and the stimulatory effect of giving it to them is greater. But if we do that, we are told, we create "moral hazard" because people will think they don't have to pay their debts. Meanwhile we bail out TBTF banks like there is no tomorrow, moral hazard be damned.