The only way this bailout is going to work is if Congress and the President put a "hired gun" or "czar" in charge of accountability and reorganization of financial institutions in the United States.
 
Personally, I recommend Satyajit Das who has spent 25 years creating exotic derivatives for hedge managers.
 
He wrote a book in 2006 called  "Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives".
 
He now works against these junk financial products.
 
Washington now has to take charge of this whole area of corporate/financial failure. This is like receivership. A czar would have the power to hire or fire anyone in the financial sector. He would assess all financial products and label them on a scale from safe to highly toxic.
 
The FBI could be called in if fraud was suspected. Any compensation package for financial CEOs would have to pass through him and be based on actual merit.
 
The czar would be the CEO of a newly created "Watchdog Financial Commission" which would investigate all corporate financial actitives in the United States over the last five years and then recommend
a clean up of the sector to the President and the Senate/Congress. The length of time should be less than a year.
 
All financial products and services would be examined by the czar and the commission.
 
The results would produce more transparent, productive and ethical financial institutions. Before this can happen, a stiff new broom must clean out the garbage. 
 
This is playing hardball with Wall street and their backers.