America has got a gun pointed at its head and we don't even know for sure who is pulling the trigger. We shouldn't be talking about a bailout (a Swedish style buyout maybe) because that's a misread of the situation. In reality we're in a hostage situation.
The people with the gun (bankers and foreign lenders for the most part, right) want something from the US. What they want is to clear out our treasury and kneecap America for the next 10 years. This is a play for world dominance at a time when world resources (mainly oil, but also concrete and other things required to run a modern nation) And stupid us, we're going to do just that.