> The solution is to keep those people in the hot seat, and put in a couple of new rules? Absolutely not. I believe that executives at some of these institutio

> The solution is to keep those people in the hot seat, and put in a couple of new rules? Absolutely not. I believe that executives at some of these institutions should have been held criminally liable for fraud. I also believe that people with the least amount of power shouldn't be the ones to take a haircut. You're focused on the moral hazard of bailing out the pension system, but what about the moral hazard of promising a stable retirement income to working class people, signing a contract to that effect, and just having it disappear. What does that say about the social contract between businesses and their employees, that a corporation or government be able to make a promise and not keep it? Who faces the consequences then?