So now that GM is bankrupt, should we have bailed them out?

Shouldn't the people that run the companies to the ground held responsible and use all their salary, bonus pays to restructure the companies?. Why should tax payers pay for someone's else fault?

No, American corporates ARE NOT regulated, I don't know what you are thinking about. Regulation is when government put in charge a committee to oversight and observe the activities and practises of these companies. When abuse of wealth happens which infects the country's over all economy the government will take steps. However, it is kept private, and ran by private people. NOT the way to go if you care about the overall economy.
 
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