You're asking for more government intervention because of the poor results from the first intervention. If the government didn't bail out the banks in the first place, most of these banks would have been broken up and their assets sold off during bankruptcy. Many of those executives who made big bucks running their companies into the ground would have been out of a job.

You could even go one step back: if the government and its central bank didn't subsidize risk through low interest rates, incentives to lend to people who were massive credit risks, and so on, we may not have had the housing bubble - at least at that scale - to begin with.

Let's go back even further to the easy money .com bubble and the resulting collapse which "excused" the artificially low interest rates mentioned above...

Instead of focusing on more intervention, how about we argue for fixing the real problem: let the market work, end these artificial interest rates, and stop debasing the currency.