[Tangurena]

We got into this "downturn" because too many people borrowed too much, as well as too many lenders being less than careless about who they loaned money to. Failing to fix the incentives to borrow will only make this stuff happen again and again until there is no more economic system left to abuse.

Too many companies are issuing bonds to repurchase stock. And they're not doing it for valid business reasons: they're doing it to puff up their stock prices so that the CEO and Board can get their bonuses - and the vast majority of bonuses at that level are based on stock prices.