I did exactly as Bodeen explained and it worked like a charm. First time since I owned the bike the front brakes actually work as they should. Thank You for the help.
I've had this problem in the past and tried most of the tricks at one time or another. They didnt work on mine. What did work, was to remove the calipers one at a time, remove the pads, use a small block of wood or paint stir stick to clamp one side of the caliper pistons in place with a C-clamp. Then carefully pump brakes until the un-clamped pistons protrude until you see clean piston. NOT too far the piston will come out of the bore and make a brake fluid mess. Now remove the lid on the masrter cylinder and slowly by hand push each piston back in. continue to do this for each pair of pistons. Keep in mind that you have to put the master cylinder cover back on to pump out the next pair of pistons. I guarantee that at some point in the process you will get a BIG bubble of air to escape through the master cylinder. I would also bet that it will come from one of the top pistons where air gets trapped and cant escape without force.
While your in there you may as well get an old toothbrush and brush the sides of the pistons clean with some clean brake fluid. Clean the pins and use some brake grease on them during re-assembly.
Let us know how you make out.