There should be an insurance fund for bailing out big businesses and state governments. Force big businesses to buy into a bailout insurance fund; a company should pay according to its value. And force state governments to pay into a state bailout insurance fund; a state should pay according to the value of its budget.
The Federal government already has similar insurance programs in place for retirees and bank deposits. It can certainly do the same thing for these entities too. Besides, why should they get that kind of service for free? The rest of us pay for our entitlement programs. We should not be paying for corporate welfare too.