It sure was a convenient way to move around trillions of dollars
Look, I get it, the "bailouts" distributed huge sums of money and lots of it went to people who, viewed through the lens of some sort of moral common sense, should not have received it. That's unfortunately the price you pay for a big country with a big economy. Trying to ensure that none of it was misdirected would have ensured nobody got any at all.
It's possible to believe that government (like all human institutions) can be deeply flawed and corrupt while simultaneously still doing things that in aggregate are beneficial to the whole of society.
Did some of it go to places it should not have done? See my previous responses.