700 Billion Bailout Failed - what is next?

So the question of the hour, what next???

I'll admit that I thought this was a horrible idea but at the same time I wonder if the government will open their eyes a little more and see if by forcing the "big dogs" to fail if that might actually help the economy. I personally think that a better solution would be for the government to help make smaller companies and corporations stronger so we could do away with the big dogs. What do others think would be a better solution?