61 millions is a nice chunk of money he can retire on, and live the rest of his life in luxury..unlike most of Americans who are losing their jobs, their benefits and their homes, the opportunity to educate their children, etc...I do not feel one bit sorry for him..Actually his assets should be frozen until we find out whether he did anything illegal.If he did not ( I am willing to give him the benefit ofthe doubt) he could keep them, if he did the money should be used to help homeowners in trouble....

Isn't this what Bush Jr. did in Texas before he was governor? I think I read that somewhere and his dad had all the evidence classified like his driving record.

Poor guy, he needs urgent financial help from the taxpayers. Oh, no!.. the taxpayers are already helping out JP Morgan, Bechtel and Halliburton.

Our taxes, Federal and State payroll taxes fund the government and it's operations you moron.

Let me guess, after convincing Jamie Dimon that BS was worth five times the original estimate, his broker and some two-dollar guy on the floor anonymously working for JPM "met on the floor" and made the trade. Now the stock can tumble back to its true worth, $2.00 a share.

Nothing's "illegal or immoral" when it comes to the GOP money mongers, remember they are after all the party of the "MORAL MAJORITY'.
Enron, Halliburton, Bears/Sterns, and on and on. But McBush says to the peons, just go get another job, or maybe three jobs you whinners!

I wonder how many "middle class" investors of this now defunct firm will have the opportunity to
get $10.+ on their shares? This story reminds me of the Martha Stewart case.

Just 63 million dollars? The poor man will have to live in abject poverty.

Please explain to us out here how the CEO of Bear Stearns gets to sell his stock for $10/share AFTER the feds agree to back JP Morgan. What that means is that the feds have assured this failed CEO a bonus for botching his job. This amounts to criminal behavior in my estimation. He allows his company to engage in dicey financial games, watches it go down in flames, and then is allowed to benefit while thousands of honest taxpayers lose their homes. It is our money that is making his windfall possible. He shouldn't be allowed to sell his shares at the inflated rate of $10 when it is our money that is blowing all that air into them. This country needs major regulation in the financial markets before there are no more payers to tax!

If the greedy and shortsighted REPIGS didn't use their campaign contributions to influence our corrupt politicians to roll back all of these regulations, we wouldn't be in this CRISIS now.

But, the irony and disparity in all this, is that those who SCREWED the unsuspecting PUBLIC, is getting bailed out FOR screwing us - WIN/WIN , and the SCREWEE (us) are PAYING these thugs for screwing us.

So far, foreclosures are still a major problem for the public, with NO BAILOUT from DC - unless you want to count $600 a bailout.

This is an abominable DISGRACE

Geez, folks, could you please cut the guy some slack - He will need much of this 61 mill to remodel that 28 million dollar estate, he purchased shortly before the fall.

However, there is a rumor he will rent out bedrooms to former employees, or put them to use tilling his gardens, ala Louis XIV.

So many speak of his employees suffering - What about the customers who were led down the primrose path? Wasn't it as recently as '98, when Bear Stearns didn't want the Government to step in and bail out that mess in the Caymans? The same Cayman deal BS employees touted until it crashed into the sea with a slew of their customers investments.

and when're we getting our $30 bil back?

Isn't there some "ILLEGALITY" associated with this action?

I cannot imagine he is able to benefit from OUR TAXPAYER BAILOUT!!!­!!!!!!!!!!

What else is new? Employees get the shaft while the CEO gets a nice fat severance package.

It reminds me of the AA human resources director who said that if pilots wanted a raise then maybe they should have gone into management instead of becoming pilots. Last time I looked AA was in the business of transporting people and it needed people to fly the planes. So why short change the people who make their business happen???

So Who Loaned the Money to Offer such a Phat Deal . Who's money gave him the opportunity to make 'Such a Killing"? WE Want our Money BACK and then the what ever is left he can Square with his Foreign Investors- on their Soil.