No its not. Bailing out banks is not Socialism, that is Capitalism using Socialism to profit from it. Socialism is not government helping capitalist businesses, its helping the PEOPLE.
Can we at least agree to use words correctly otherwise how can we even communicate!? What's the point of discussing if your definitions are just pulled out of your arse?
Oh dear. How bout I call it a different name. Do you think that stealing other people's things is wrong? Are you in support of the non-aggression principle or do you support taxation?