It is actually unlikely, we hope. Bush has said in the past that there won’t be any type of federal bailout, and that he felt it wasn’t the right place for government to provide said bailout.
Who knows what will happen if Edwards, Hillary, or Obama get elected, then a bailout is possible.
To create a bailout, you would need an entirely new agency, administration, funds, and likely new taxes, etc. It would take time, and there are many questions, and problems to be worked out.. who gets what?, etc.
It would be a mess if it did happen, let the markets self correct, and people will learn their lessons. Those who risked the most should pay the highest price.