I would agree with you except for the fact that taxpayer dollars bailed out the firms and they would have been bankrupt and out of a job had the free market been allowed to work. He would have gotten no continuing pay and most likely no pension or anything. This is what should have been done, let them go belly up. Instead they are allowed to borrow nearly unlimited money at the fed window for nothing and loan it back to the treasury collecting the no risk interest and building their balance sheet. Who couldn't make tons of money with that sweetheart deal?

John