Bear Stearns CEO to keep job with JP Morgan, 7000 to be fired

Great. So this is what the American taxpayer is funding? So we are helping prop up another failed CEO as the company he led into ruin fires 7,000 people, probably more. Sounds pretty fair, doesn't it? The "rainmaker" as they are calling him, is somehow a hot commodity on the market which gives you an idea just how bad the market is these days.

If JP Morgan or anyone else wants to pay this guy, fine, but let's stop funding these clowns and helping them maintain a luxurious lifestyle while everyone is struggling. Who out there wouldn't like a nice government sponsored handout to live the life of Riley? Let JP Morgan or whoever else go find their own money without the help of taxpayers but as long as they have their hands out for a free ride, there is no reason why we ought to condone such a hire.