Read the following passage and answer the item that follows. Your answer to this item should be based on the passage only.

Corporate bond defaults have been rising, a serious concern since a deep bond market is essential for financing long-gestation infrastructure projects. The problem's roots lie in incomplete reforms of the past two decades. An institutional change that should have followed early reforms was establishing a specialised bankruptcy track for large infrastructure financiers. In a market economy with booms and busts, some financiers should be allowed to fail in an orderly way. Today, we cannot resolve a failing financier's exposure smoothly because no proper mechanism exists to do so. Weak, over-leveraged financiers continue needing bailouts.

Which one of the following is the most logical and rational inference that can be made from the above passage?