If we need another bailout it should be the government passing a law nationalizing the banks involved, and immediately firing the entire upper brass of the banks and replacing them immediately. People who screw up that badly don't deserve to keep their jobs especially jobs that pay so much money.
As we have seen with the recent financial crisis and recovery, Wall Street has proven that it is unable to regulate itself without government intervention. In times of crisis the government must be able to step in and regulate so that the average American doesn't lose their life savings or retirement funds.
The government should be allowed to enact legislation if the stock market crashes. Due to our economy being stagnant and fragile at this time we need protective legislation to cushion the stock market. If the market crashes again before we are able to reestablish the economy it would lead to disastrous results for the job market and housing market. Both of these markets directly effect families in the United States. Leading us all to more poverty and the middle class shrinking.
During the last financial crisis, the government spent billions of dollars to prop up failing banks and other financial institutions. The argument was that these companies were "too big to fail", that the economic fallout of their failure would be catastrophic. Yet precisely because the government bailed these companies out, they were not forced to meaningfully reform the risky financial practices that got them into trouble to start with, and consequently another crash is not at all out of the question. This crash would once again negatively affect consumers, while those at the top would be saved again. To say this is an injustice against the "99%" is an understatement, and the government should not spend our hard earned tax dollars like that ever again.
The government (the Congress) should not be allowed to enact "any legislation" to improve the stock market. The stock market is a self-adjusting financial institution. The basis of the market is that for every seller there is a buyer. The value (prices) of a company's share rise or fall based upon keeping buyers and seller balanced. The government creating an artificial supply of buyers to support prices would eventually fail.