Let Stearns Burn

The shit is starting to hit the fan now, and Bear Stearns is the latest turd to make impact.

"Bear Stearns Cos., teetering on the brink of collapse from a lack of cash, got emergency funding from the Federal Reserve and JPMorgan Chase & Co. in the largest government bailout of a U.S. securities firm."

This really pisses me off.

If these companies freely take profits when times are good, then they should freely take the lumps when things go bad. If it puts them out of business, so be it. Maybe the next crop of companies will take note and make wiser decisions.