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Let Them Fail

I fail to understand what the purpose is of the free market if we're going to engage in socialism and bail out companies like Bear Sterns who claim to be masters of capitalism. This reminds me of the free money the government gave to the airlines after 9/11 that they subsequently used to make their service even worse. Let these companies fail so that they don't live another day to screw up the economy again. Spend that money on helping the people who work for them, rather than to line the overpaid CEO's pockets. If he or she were so smart why'd they get them in such dire straits?