Because we gave up on holding them accountable. Suppose there was death penalty for this type of behaviour. If you default of $100M of debt you are executed, n

Because we gave up on holding them accountable. Suppose there was death penalty for this type of behaviour. If you default of $100M of debt you are executed, no limited liability shroud, no bankruptcy, no backsies, no do-overs -- just cold steel. Your head in a bucket, and your family destitute in the streets. This type of behaviour would cease to exist almost immediately.