Is that what you believe would happen without the bailout- or what you believe will happen anyway?
It depends on sentiment as the prime factor, and it's damn hard to predict.
If Congress delays this with political squabbling, the sentiment will immediately go negative and it may be impossible to get a second Chance before the entire system goes over the cliff.
700B is only a fractional amount of the whole, and well placed it could do wonders, but without sentiment backing it up, it will do nothing.