Nabob in a sentence as a noun

I genuinely can't understand the thought processes of the nabobs who think the Grauniad acted inappropriately here.

Am I a nattering nabob of negativity for poo-pooing this "success"?I believe Groupon is in the Madoff category, or close to it...

I'm talking about comments that decry the slightest criticism or moderation as "the nattering nabobs of negativism".

Nabob definitions

noun

a governor in India during the Mogul empire

See also: nawab

noun

a wealthy man (especially one who made his fortune in the Orient)