What if your employer implodes?

Bear Stearns Cos. was able to survive many recessions, inflations and wars. Yet, it was a credit crunch that took down the bank. Now, it looks like thousands will lose their jobs -- as well as their savings.

What can you learn from this nightmare? What if your employer falls to pieces? I had a chance to talk to two experts. Here's what they have to say:

Rich Gee (who operates Rich Gee Coaching):

"Always have your resume up to date -- you never know if and when you will run into someone with a job opportunity. The Bear Sterns' employees must go into overdrive -- get it written -- hopefully with a resume writer - to ensure that the possible "stigma" can be ameliorated with fancy wording and deft writing.