A clear warning signal for European goverments who are supporting banks in distress that some managers are still in the mode of denial/business as usual. They are so autistic and egotistic that they have no connection with the society they live in and live from.
The New York Times has discovered that at least some banks are not using the new funds to get the real economy going, but to buy other banks. Not a word of using this capital to supply businesses and municipalities with badly needed liquidity, to get the real economy moving. Disgusting.
About Herman
Herman Wagter is one of the founders and co-editor of Dadamotive. His work as interim manager and consultant (Citynet Amsterdam/Fiber-to-the-Home, Platform Sustainable Mobility) has involved him directly in the impact of hyperconnectivity and sustainability on society. As an independent agent and "mobile warrior" he has experienced the pro's and con's of how organizations and projects can be structured, and what the effects on the final result can be. In his opinion we are entering an era of profound change, driven by these fundamental forces. Following the trends, discovering the fun and debunking the half-truths is a passion he likes to share with others.
