Thursday, March 26, 2009
The Obama administration has been sending mixed signals to the financial houses on Wall Street. On the one hand, it is excoriating them for the economic meltdown. On the other, it is trying to persuade them to step up and help implement Treasury's plan to get credit flowing again. No wonder there is anger among financial executives. It is a dubious way to build trust. Perhaps the administration is hoping the finance houses won't turn down a good deal. In other words, it might be depending on the greed it is condemning publicly. Whatever the motive, it is not a recommended approach to achieve good relationships with people you need.