There is clearly something going on,
Whether a bailout can 'buy' us some time, and leverage us out of this mess, is a dim hope for sure. It's certainly unlikely to 'buy' any creditability.
Some one please show us what an alternative reality would look like; because that's where we're going. There's got to be a (legal and ethical) strategy for turning this into a credible investment (and actual business).
It's easy for me to sit back and commiserate, so I'm just attempting to be more than just blindly pessimistic (or actually a realist), and search for a silver lining. Because what is going on is not 'cleaning house', but rather akin to throwing out the baby with the bath water.