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If I were the staff I would refuse the offer making the company start bankruptcy talks to force the fed to come up with a much better offer to stop the fallout. I find it funny that the people at the top of bear stearns agreed to such a rock bottom deal. I wonder if they knew that if they let the company go into bankruptcy they would have to give back all their 2007 bonuses? OF COURSE THEY DID! I have to admit I may have done the same if I was in the same boat. However I would have never invested in sub-prime (aka fools gold) in the first place.