The Watering Hole

If the USA govt bails out their banking sector, by taking on these institutions "distressed assets ", (read bad loans), what is going to happen to the management of these institutions who oversaw the providing of loans to the "subprime" (read high risk) sector.
Are these people going to keep their jobs, seeing that they are doing such a great job?

I'm guessing most will be given raises.  That seems to be the model so far (Fannie Mae's and Freddie Mac's CEO's got 9 and 14 million for some reason).