As for the Japanese ethos... it's about honor and tradition. The owners take responsibility for the both success or failure.
In the US... as mentioned it's about greed. The politicians have to guaranty their campaign contributions by approving the bail outs without oversight or restrictions.
To the tax payers... a lose lose proposition. If the loans are not made to the Big 3... then millions are on unemployment. Who foots the bill? Us the taxpayer. Lend the big three money? You just prolong how long before the tax payers will foot the bill for unemployment, while the executives live the life of the rich and famous ala Robbin Leach.
And for the low life politicians? Well, they'll they will continue to get their, and the words get stuck in my throat, their campaign contributions... so they can also live the life of the rich and famous when they are appointed to some company's board of directors.
May 2009 be happier and healthier for the common man, while these amoral no-conscious CEOs get all they deserve too.