Mt Gox needs to go down, they were poorly run from the beginning and they shouldn't be in business.  If they are bailed out people will still have lost faith in them.

On top of that, I don't think anyone in their right mind would bail them out - considering that most people will leave and stop using Mt Gox once they have been bailed out.

Mt Gox is bad for bitcoin, and they must fail - so much of the price fluctuations has occurred due to them.