Innovation 101: Throw money at the financial crisis? February 12, 2009
Posted by Sunil Malhotra in Corporate terrorism, Corruption, Global Economy, Illusions, Innovation 101, Leadership, Wisdom of the leaders.Tags: bailout packages, Benjamin Franklin, global meltdown, Globalization, Innovation 101, Mark Twain, ostrich syndrome, Slumdog Millionaire, Society and Culture, Thought leadership, Western Thought
4 comments
I’m pushing 50 and I always thought my general knowledge was passable. Until I watched Slumdog Millionaire and found out that it wasn’t George Washington’s mug on a $100 bill but Benjamin Franklin’s. Strange coincidence and somewhat evangelistic that he was the one who said
He that is of the opinion money will do everything may well be suspected of doing everything for money. - Benjamin Franklin
So what’s America trying to do to quell the current storm that doesn’t want to go away. Allegation or not, the only course that seemed to come to you was to throw money at the crisis. How smart is that? Doesn’t surprise anyone outside the US but you are taken by surprise when the bailout money gets generously distributed against ‘bonuses payable’ among the very people that caused the crisis to happen. (more…)


