Essentially, the financial system is a gambling house in most every respect. If the bank breaks, it all falls down, and is very difficult to sort out, much less restart. It will take tears and years.
the value of the dollar will be the first major casualty that hits the Main streets of the country, and that real value will fall, not just in relative terms, but in real terms, which will raise the price of a gallon of milk by half at first and more when the panic ensues. Fifteen bucks for a gallon of milk assuming it is even on the shelf would not be a exxageration, and then comes the foreclosures, the tent cities, the soup lines......It can't be stopped at this point and has to work it's way through. Thirty percent unemployment is likely, and hungry people will be the norm and not the exception. Most everyone alive today in this country have never, ever gone hungry. It is quite a experience.
I hope you get the picture.
Is that what you believe would happen without the bailout- or what you believe will happen anyway?