its been done before.
yes
i remember
2008 - The Bear Stearns Companies, Inc.
2008 - Fannie Mae and Freddie Mac
2008 - The Goldman Sachs Group, Inc. bailed out by the federal government and Berkshire Hathaway
2008 - Morgan Stanley bailed out by The Bank of Tokyo-Mitsubishi UFJ
2008-2009 - American International Group, Inc. multiple times
2008 - 2008 United Kingdom bank rescue package
2008 - Citigroup Inc.
2009 - Bank of America
2009 - CIT Group $3 billion by its bondholders in a failed attempt to avoid a bankruptcy. This bailout only delayed the bankruptcy.