Unfortunately, I suspect (though I really hope I'm wrong) that Paulson et al. will inflate it to twice its present size before it bursts.
Further, even if the bubble would be the same size when it bursts as it is today, and even if the bail-out magically cost nothing, trying to delay the burst would still be a bad idea. It won't be long before the Social Security bomb hits. If the markets crash now, they may have recovered enough to survive the SSB. If we wait before letting them crash, disaster.