America is the most forgiving country in the world. It is the best place on the planet to go bankrupt. Other countries doom you for life plus a year, whilst the USA lets you wipe out your debts and move on.
We Americans are a forgiving people in general. We believe in the second chance.
Right now, we are conducting a test.
The Jeffrey Skilling Test of Forgiveness — Second Chance?
Jeffrey Skilling was the CEO of Enron who went to jail for twelve years of a fourteen year sentence [originally sentenced to 24 years, it was reduced to 14, and he served 12 plus a $40MM fine] for a myriad of charges including securities fraud, insider trading, lying to auditors, and conspiracy while he lorded over Enron.