When the Congressional Committee was interrogating the CEOs of major banking institutions this week the Gang of 10 money changers reacted like deer caught in the headlights. One rogue financial whiz, John Thain, former CEO of Merrill Lynch and most recently an axed employee of Bank of America, had given a separate television interview where he said that ‘in order to keep good help you had to pay those [outrageous] bonuses’-which was what ultimately got him kicked out of the BofA.To some of us his misplayed sense of entitlement and hubris echoed the attitude of that infamous Emperor who fiddled while Roma burned. As I watched the proceedings on C-SPAN, I was also reminded of all the “became we can” stupidities that led to the bloodbath that became the French Revolution.
Heartening to me was Congresswoman, Maxine Waters from California who was relentless in her pursuit of the answer to the question, “How many of you raised the interest rates on credit cards of the very taxpayers who are saving your banks to the tune of billions of dollars?” As only in civilization when the Republic is about to sink into both oceans, the moderator told her to shut up! I was, perhaps, reading his mind; ‘scuse’ He gaveled that her time was up.
I feel that in spite of all the earthquakes beneath our houses and the insecurity that most of us are feeling, at the same time I believe that it is that proverbial, ‘payday someday’; it is a time of reckoning; it is a time of living within our means; and it is a time to look at how we put our very lives at risk. Never forget how the wings of a butterfly can contribute to the tsunami. But it is also a time to stop the suckling greedy pigs living like fat cats on tax payers’ money, or worse, you know, fiddling while our Republic burns to the ground.
I am Albert Gaulden and I approve of this message.
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