It's unlikely that the economic crisis can be fixed, given that Obama and his chief advisor's are so beholden to Wall Street. Most of the bailout money goes to unseen fat cats...

...What could be done instead:

...the bailout money was enough to form 10-15 brand new banks, with 30-40 billion in reserves in their vaults , each. These banks would thus begin business without any "toxic " assets.

A million defaulted, or near defaulted, private home mortgages could have been bought, or the interest eliminated....

The Federal Reserve could have been nationalized or audited...The Fed should be a Cabinet level post, to allow Congress and the people a chance to scrutinize or reject the Chairman. Either that, or eliminate the Fed altogether.

Market regulations could have been brought back...

A special prosecutors office should have been established, to indict and convict the guilty ( oops, that would put all the 'fix-it' guys behind bars)...

None of these steps have been taken....the bailouts are draining down Wall Street firms into nebulous rat holes, while the stock market is kept artificially propped up with printed up cash.