It's equally liberal to say that government policies are corrupt when they support big corporations. Liberals are against big corporations.
Well, it was humorous because he said that bailouts can be corrupted. It seemed as though he favored loopholes, given a choice between the two.
Seems to me your trying to claim common sense as conservative. Liberals are open-minded, and don't hold to prejudices, meaning, as a liberal, I can't believe that government is pure, incorruptible, etc. It would really be asinine to think otherwise, and I don't know many liberals personally who think otherwise.
And no, loopholes are exactly what's wrong. Bailouts can be acceptable in certain (definitily not all) situations, especially if they are a one time deal.
As a non conservative today, it seems as if conservatives believe that government ins inherently corruptible, that it is corruption made manifest.