Reply #3: If You Don't, Your Business Goes Bankrupt

[KharmaTrain]

There's one thing about being indecisive...not able to make a decission, but that's OT...

Of those who are in leadership, the "resolute" leaders always are the worst. Once they set the course, it's set...and if that means into the rocks, so be it. No one can tell this leader and a good chance he'll increase the speed just to "show you". Or those that have to copy others and always make the same mistakes...usually worse. "If it's good for AIG..."...

Much of making choices is based on the situation you face. You always keep options open and ready to adjust where needed...but always to have a plan...an idea of where you'll be in 3 or 6 or 12 months. I see President Obama following a similar tact...one that may not please everyone, but a plan and one that he can and will modify as the situation warrants.

This administration inherited an economy in freefall...the first priority was to stop the implosion and a Geitner or someone with knowledge of the system made better sense than bringing in economists and others not tainted by Wall Street...but then look at the learning curve we'd have to deal with...and I'm not sure we had the time for them to get up to speed. Even Krugman admits it's easier to give advice and criticism than it is to try to move a very large beauracracy. You modify behavior rather than radically alter it.

Time will tell where we go now. With the government holding large stakes in banks and corporations, this does mean we are now "stockholders"...and as we saw at GM, I see President Obama willing to change leaership when it means protecting his/our investment. I see this happening over time in many other operations we now have a large say in...but done not to create a further risk to the investment...call it a soft landing.

The changers will and should be the stockholders...either through voting in new leadership or in law suits. These are the people who have suffered from mismanagement and have the most to lose or gain. We're already seeing some of this occuring at BOA. Others will face criminal actions...like the growing scandals at AIG and Merril Lynch that could take down even more. Time is the avenger here as this economic mess took 30 years to build, it's not gonna be straightened out with the wave of an executive order or radical surgery.