You're not thinking about what entity does the bailing out. In both the case between America and Iceland, it was the socialistic element which does the bailing out, it is the interventionist; the capitalistic element can, at best, influence these decisions made by the socialist element...
In other words... when America does something you like, it's because of capitalism... and when America does anything you don't like, it's because of socialism?
Seems legit...
It must be easy to "blame the other" for all your problems, eh?