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Yvain comments on Guilt: Another Gift Nobody Wants - Less Wrong
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This is slightly off-topic (as it doesn't help distinguish between Yvian's hypothesis and T&C's) but anyway:
People who feel guilty sometimes give to charity, right?
Is the social purpose of giving (in this case) therefore to punish yourself financially rather than actually help anyone?
Maybe it's to signal that your misdeed was a one-time lapse rather than coming from any deep inner tendency.
For example, if you run over a cat, you might donate money to an animal shelter, which shows that despite what happened you really like animals and would never run one over intentionally.
The financial punishment angle can't hurt, though.