Making history through bankruptcy

Bush 2 promised he will run the country like a CEO. So far he is keeping his promise. The giant stakeholders - his loyal entourage - have profited (9/11, wars, Katrina, energy crisis - all good for business).
Given his track record with destroying one company after another, America is heading in Enron's or Worldcom's direction.

Then what?
The ordinary chap (call him 'average investor'?) is left with a claim on something worth ten times less, plus some debts (enough for 20-30 years).
How about the mamoths/ executives? They'll be going to prison, to Bahamas, or to Crawford, Texas?