Don't Like Bail Out

It just doesn't make sense. When I look at my life, I see common sense has always prevailed. I have always found I end up on right side of issues when time passes and assessments are maid.
So I am puzzled, because I just can't see the bailout of banks being the right solution. Why do we reward the people and institutions who screwed up? I hear economists say we must, but common sense says these are the people who put us here in the first place. This may be the best time to wash out the dirt.
I will wait, but my gut says you should not help the bankers or wall street. Let them fail and lets use this time when they are hurting to impose new regulations which can fix these problems. Its like a doctor giving you medicine for the headache but not finding out the cause.