I don't feel like the fed is bailing out Bear so that I can continue, its just giving hope to all the stuff it owns and more importantly, to those it owes. If

I don't feel like the fed is bailing out Bear so that I can continue, its just giving hope to all the stuff it owns and more importantly, to those it owes. If bear gets bought by JPMorgan, Bear is still screwed. They are gone for all intents and purposes, just their investments and debts live on, which IMHO, is a good thing. I feel that the i-bankers already feel like idiots and will have learned their lesson just in this whole mess, whether or not their company tanks.