Walll Street Fiddles as America Burns!

We Americans have our very own reincarnation of Nero - The fools at Wall Street.

Nero, the fifth and final emperor of the Julio-Claudian dynasty was known for his tyranny and extravagance. But, his greatest claim to fame was that he fiddled while Rome burnt!

Our Neros think John Thain's (Merill Lynch's CEO) profligacy is warranted and a "just a drop in the bucket" compared to the money that Merrill Lynch makes each quarter.

I wish the Wall Street types who said this would do their homework first. Merrill was posting losses every quarter. There was no money being made. Merrill was laying off employees in order to save money. And John Thain was preaching to his leftover employees to CUT spending while he refurbished his office!

Is this the reason why we are all in this mess? Because the CEOs who are hired by corporations dont think they need to do their homework before spouting nonsense? Because they refuse to face reality? Because they are so puffed up with their own importance that they think they are worthy of an office costing $1.22 million?

Because they continue to fiddle while America burns?