Tearing Down the Bastion in the Business World
http://www.careerfeed.net/articles/11488/1/Tearing-Down-the-Bastion-in-the-Business-World/Page1.html
John Berling Hardy
John Berling Hardy is a sought after business consultant, author, speaker and originator of "The Hidden Game"; a strategic plan to increase the success of your personal and professional life. To learn more about John and to download his free ebooks, visit http://www.johnberlinghardy.com By John Berling Hardy
Published on 01/21/2010
Over the last few months we have been experiencing the after-shock from the 2008 crash. While the vast majority of the middle class is still reeling from the pain of the disaster, and trying to figure out new ways to sustain themselves in retirement, those who were the most culpable for the fiasco- the bankers- have returned to paying themselves outrageously extravagant bonuses.
Over the last few months we have been experiencing the after-shock from the 2008 crash. While the vast majority of the middle class is still reeling from the pain of the disaster, and trying to figure out new ways to sustain themselves in retirement, those who were the most culpable for the fiasco- the bankers- have returned to paying themselves outrageously extravagant bonuses.
When we look at what caused our present mess the obvious answer is deregulation. So if deregulation is the culprit, isn't the evident solution to restore the regulations? Absolutely not! The only thing worse than too little too late, is too much too late. This is particularly true when it comes to regulation.
The real problem all along was not the regulations, nor the lack of them. It was the infiltration of manipulative social predators, with no objective other than to satisfy their own greed and entitlement, who then subverted the system, subtly altering it to serve their own ends. Once these Players took hold of the banks and the companies, those regulations and controls designed to protect the stakeholders were hijacked to secure their position at the top.
It would seem that this scale of scam would be very difficult to conceal. Not so! Firstly, the regulations are often hundreds of pages in length and the slightest alteration in the wording of only one phrase is sufficient to create a loophole. Secondly, when you add collusion between those on either side of the regulatory fence into the mix, it becomes a no-brainer to pull it off.
This also means the insiders have an extended honeymoon during which they can reap enormous profits with impunity, before the others catch on and the loophole is finally plugged. Of course, by that time they are already on to the next one. This type of collusion is not unlikely when there is a continuous exchange of high level decision makers between the administration and the banks and investment houses. The point being that the system is actually set up for this to happen- such events occur not by accident but by design!
The huge bonuses being paid out these dates to the bankers not only provide evidence to support this swindle, the blatant manner in which they are carried out, indicates a level of arrogance and contempt towards the public that is even more disturbing. It would seem that these days if you wish to rob a bank you don't need a gun or a bandana, instead all you have to do is declare yourself a bonus!
When we look at what caused our present mess the obvious answer is deregulation. So if deregulation is the culprit, isn't the evident solution to restore the regulations? Absolutely not! The only thing worse than too little too late, is too much too late. This is particularly true when it comes to regulation.
The real problem all along was not the regulations, nor the lack of them. It was the infiltration of manipulative social predators, with no objective other than to satisfy their own greed and entitlement, who then subverted the system, subtly altering it to serve their own ends. Once these Players took hold of the banks and the companies, those regulations and controls designed to protect the stakeholders were hijacked to secure their position at the top.
It would seem that this scale of scam would be very difficult to conceal. Not so! Firstly, the regulations are often hundreds of pages in length and the slightest alteration in the wording of only one phrase is sufficient to create a loophole. Secondly, when you add collusion between those on either side of the regulatory fence into the mix, it becomes a no-brainer to pull it off.
This also means the insiders have an extended honeymoon during which they can reap enormous profits with impunity, before the others catch on and the loophole is finally plugged. Of course, by that time they are already on to the next one. This type of collusion is not unlikely when there is a continuous exchange of high level decision makers between the administration and the banks and investment houses. The point being that the system is actually set up for this to happen- such events occur not by accident but by design!
The huge bonuses being paid out these dates to the bankers not only provide evidence to support this swindle, the blatant manner in which they are carried out, indicates a level of arrogance and contempt towards the public that is even more disturbing. It would seem that these days if you wish to rob a bank you don't need a gun or a bandana, instead all you have to do is declare yourself a bonus!