Danger! Logic In Use

From my good friends at the Daily Kos:

Maybe someone can explain this to me:
One critical issue is whether taxpayers will simply buy up bad debt or receive some tangible assurance that they will share in the profits if the bailout works and the firms return to profitability. Several lawmakers, including Sen. Jack Reed (D-R.I.), an influential member of the Banking Committee, are pushing for a provision that would require participating firms to grant the government warrants to purchase stock.
Sources familiar with the Treasury's thinking said warrants would limit participation in the program. Only failing banks would be willing to give the government stock in exchange for buying up their bad assets, these sources said. But key Democrats said the point was critical.
Umm. Why should we give a shit if a provision "limits participation in the program"? I call that "saving taxpayers money". If a financial institution doesn't need our money to survive, then GOOD!
The more I see quotes like that, the more suspicious I get about the administration's motives. If this is a true bailout, then the troubled institutions have no choice and are desperate for the capital infusion. As a matter of survival, they will happily sign over warrants just like they'd give any other investor.
But what we're seeing instead is the administration trying to gift their friends on Wall Street taxpayer money with no strings attached, and suggesting that anything else would be a disaster for the economy.