Wow, this is going a long way. A problem with some of the reforms -- term limits, incentives, plans, etc. is that, as I usually tell folks who want to get rid of the corporate income tax, this kind of stuff just changes the rules; it cannot stop the game. The problem, such as it is, is human nature, not government, business, labor unions, etc. Sort of analogous to the fact that a great golf course can be ruined or saved by an architect, club president, superintendent, head pro, green committee, green committee chairman, or any combination of the above. All of us can recite examples where any of these folks held the line against putting "3 new holes and a pond" on a classic course, as well as examples where any of these folks led the charge to put an island green into a classic parkland course.
This gets to another big issue which we see on this thread, which is the amount of blaming that's going on, much of it certainly deserved. Martin Wolf made this point a while age:
"Keynes’s genius – a very English one – was to insist we should approach an economic system not as a morality play but as a technical challenge."
So I think that the issues are how to get out of this "muddle" as he put it, and to avoid the next one, rather than to decry the fact that people act pretty much as we would expect given certain criteria. The worst of those folks should go to jail, but it's not going to get us out of the fix we're in.