Scary thinking about it. Where does it stop? Everyday Americans are expected to pay their debt or to lose their cars and homes or to open themselves to lawsuits and garnishment of wages.
Federal agencies, automobile manufacturers, and quasi-governmental entities are bailed out by the government.
It is time for everyone, every agency, every company, every CEO and board, to become fiscally responsible for the actions of their respective organizations. There should be no more bailouts.
Perhaps if we held the bigwigs responsible and attached their personal fortunes to the health of their organizations, honesty in business would become the byword.
We can hope.