When does it end?

I have just stumbled upon a bunch of blog posts that were quite revealing or rather shall I say refreshing. Called the Business 360 by the good folks of CNN.com. The description about the blog is "CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback". To be honest, I have had such a great time reading these blogs that I have decided to post a few extracts from some the blog, which talk about the nonsense that is taking place with our financial crisis and the slow realization that it not really about what we initially thought it was about.

Posted by: CNN business anchor, Maggie Lake: Greed and denial in the corner office

Her point was the fact that people, real people are suffering, under this financial crisis and the guys in the corner offices are still expecting their lives to be as per normal despite the fact that the people who put them in those corner offices are in fact the "real people" I was mentioning. To quote Maggie, “Investors can't make sense of the markets which swing wildly from day to day. Workers don't feel secure in their jobs. Families aren't sure how they are going to find the money for healthcare and education. There is a sense the system isn't working." And she went on say in contrast, "Auto executives are trying to hang on to their jobs and in some cases, multi-million dollar salaries, even as they beg for an 11th hour taxpayer lifeline. Monday, John Thain, CEO of Merrill Lynch, gave up attempts to get a $10 million 2008 bonus, but only after unflattering media attention."

She ended off by asking where all the good CEOs have gone, the guys who lead by example and the guys who are not afraid of being examples of real corporate leadership. I postulate; is this real corporate leadership is now about?

Another article by Maggie Lake: Have the automakers learnt their lesson?

My beloved former industry, these jokers first went to congress to ask for a bail out using the Federal Reserves. They went there with their private jets, and ended up getting critized by congress and the media. So upon the second attempt they decided to use that multi-million dollar earning brains of theirs and drive there instead. But rather than doing it sensibly, I felt that theier choice and means were a little too blatant and sarcastic. To rephrase Maggie, the 3 CEOs in questions from GM, Chrysler and Ford this time made their trips of Capitol Hill in their company's hybrid cars and they said they will lower their salaries to one dollar if they are allowed federal aid. Do they guys then really need the requested bail outs?
There are more articles on the site about the subject and to me Maggie Lake and the other correspondents have given us an adulterated and frank view which I believe has been missing. So do take a trip there to Business 360 for a delightful read.

In summary, I guess and my wife knows this all too well, I think the financial crisis is due to these jokers who have lost the plots to greed. To be brutally honest I think they need to be "saved". Indeed some grace is what they need and I think if that was done, the world will be a better place. So is Grace the answer? ; To me the answer is a resolute YES!

M hopeful