Instead of bailing out the folks who took a big risk for a big reward and lost, a real pirate would look at this as an opportunity for a walk-the-plank party -- the sharks would eat big.

The reason it's called a bail out is because the folks benefiting from this deal probably belong in jail, or at least debtors prison. Instead the Fed is allowing them to stay personally solvent and they'll probably even keep the $million bonus they awarded themselves last year for looking so good on paper.

Success has its rewards and now that the Fed has removed the consequences, there is no risk. Getting rewarded for taking a non-risk risk is simply un-American, but it appears that that is the basis for our new pirate Republic.

The CEO's/CFO/COO's of these firms need to see jail time and serious financial penalties. No, they shouldn't be allowed to keep the bonus, their Mercedes, gold Rolex or country estate. Failure should not be rewarded. The personal financial ruin of a few of these financial fools should serve as a wake-up call to those who survive. Failure should have consequences.