AIG Execs head to resort with the US$85 billion bailout

I was greatly relieved when the US Congress finally approved the US$700 billion bailout plan but after reading the above article, I would rather that the U.S. (including the global financial markets) bite the bullet in order to stop the deep rot from spreading to our part of the world. Let all the mismanaged American companies with their unbridled and unchecked greed close down, so that all can re-start with a new slate, instead of being dragged down by old baggage and all the wastefulness!