Thomson Financial News - The Fed bail-out of Bear Stearns leaves the Bear next to the Titanic on the ocean bottom. So much for the threat of Moral Hazard. I don't suppose the Feds quick decision to fund Bear Stearns will leave many trying to copy it after what happened to Bear. The Fed obviously acted to stopper systemic risk and its actions did keep the Bear portfolio of troubled securities from being dumped on the market.