If the problem with the economic system is too much bad consumer debt, let’s try addressing it at the source. If all of us could make our mortgage payments, car payments, and credit card payments, there wouldn’t be a problem.  If the government must intervene, let’s have it intervene by giving those people the money to meet their obligations. And let the invisible hand take care of the business world.
And any bailout plan must most certainly contain large dollops of oversight. Which is not just a euphemism for things being “overlooked”.