Harmful Secrets in Business
It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
http://news.yahoo.com/s/ap/20081222/ap_on_bi_ge/meltdown_secrets_2
(link acquired from charon2 )
This is the consequence from a failure of leadership.
I hate the generic secrecy of just about every business organization on the planet. The idea of transparency is a completely alien concept in business. Secrecy is the cancerous moral loophole that lets any businesses think that if nobody finds out what they do then they cannot ever be held accountable. Worse, its a well practiced part of the game.
It was asinine to think that we could give these organizations money and then just hope they would do the right thing with it. If there no immediate business gain or no law specifically demanding that a business does a thing then they will never do it. This was a painfully stupid action from our government. Speedy action, in and of itself is not good, it needs thoughtful planning to make sure we take the right actions.
The failure to anticipate consequences where there we had a long history of known behavior was extremely idiotic.
http://news.yahoo.com/s/ap/20081222/ap_on_bi_ge/meltdown_secrets_2
(link acquired from charon2 )
This is the consequence from a failure of leadership.
I hate the generic secrecy of just about every business organization on the planet. The idea of transparency is a completely alien concept in business. Secrecy is the cancerous moral loophole that lets any businesses think that if nobody finds out what they do then they cannot ever be held accountable. Worse, its a well practiced part of the game.
It was asinine to think that we could give these organizations money and then just hope they would do the right thing with it. If there no immediate business gain or no law specifically demanding that a business does a thing then they will never do it. This was a painfully stupid action from our government. Speedy action, in and of itself is not good, it needs thoughtful planning to make sure we take the right actions.
The failure to anticipate consequences where there we had a long history of known behavior was extremely idiotic.