Jonathan Swift

Government Bailouts Stop with Lehman

What a mess! It's clear that shareholders and creditors of these failing financial institutions are being punished as the stock/bond prices fall to zero, but what about the executives who are largely responsible for letting this happen? Are they appropriately losing their jobs/equity/financial parachutes? Also isn't this the clearest example of the failure of rubber stamp boards of directors?
Hopefully some major studies are and will be done of the implications for reform in all of this so that we might not be "doomed to repeat history because we didn't learn from it" ? I think the free enterprise system has been seriously hurt by all of this government intervention.