No, this site hasn't been invaded by The Wall Street Journal. But some things transcend genre. Some things even transcend gossip. What this man did was not criminal per se - at least not yet - but tell that to all the people who have lost their jobs, homes and life savings this past year.

He was once known as SuperThain. He was a big mucky-muck at Goldman Sachs, but left to become the Chairman of the SEC, where he was credited as clean-up guy after former Chairman Grasso bailed with a $140 million bonus.

Turns out he might have just been in the right place at the right time - nothing more, nothing less. From the SEC Thain went to Merrill Lynch, where he was brought on to try to save the once-powerful company. Maybe it wasn't a good time to redecorate.

This past week a New York daily broke the story of Thain's million-dollar makeover of his corner office - a splurge that included a $1,400 waste basket made of parchment paper. He also made sure to rush out billions in executive bonuses while Wall Street's bull lay dying on the table.

Bank of America took over the company January 1, and they decided to keep him on - until they learned of his reckless and irresponsible leadership. The CEO of B of A personally flew into New York to give him the boot. The New York Attorney General is now investigating the timing of his executive bonuses, and hopefully they'll lock him up. And not under "house arrest" in a $7 million penthouse, either.