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Here are some You Tube links on topic.
 

http://au.youtube.com/watch?v=3ggPHNuEEH8&feature=related
 
http://au.youtube.com/watch?v=bI2mJRXi3MI
 
And this last one from Sept 2007 (with drama added) bodes ill for emerging public outrage … Meet real people, they are not happy! This is not going to be pleasant … http://au.youtube.com/watch?v=S5wfNnV6vTU
 
I cannot send a picture (alas!) but even the Irish pensioners are up in arms. All below deck!
see: 
 
Irish house of cards comes down 
 http://news.bbc.co.uk/2/hi/europe/7689789.stm


--- On Sun, 26/10/08, Maurice Yolles <[log in to unmask]> wrote:

From: Maurice Yolles <[log in to unmask]>
Subject: Re: Greenspan & his "critical functioning structure"
To: [log in to unmask]
Received: Sunday, 26 October, 2008, 8:39 PM


Smug self interest seems to be the rule of the day. Most people are so comfortable with their lot, that they are not even aware that there may be an accumulation and development of the pathologies that impact on viability and the capacity to recognise variety let alone bothering to worry about requisite variety.

Maurice


On Sun, Oct 26, 2008 at 9:30 AM, R Clemens <[log in to unmask]> wrote:





You're flying until you hit the ground...


Appearing before the House Committee on Oversight and Government Reform, the man once dubbed "The Maestro" said he had found a flaw in the "critical functioning structure that defines how the world works". "I don't know how significant or permanent it is but I have been very distressed by that fact," Mr Greenspan said. 


"I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms." 


Asked by committee chairman Henry Waxman if he was saying his world view was "not working", Mr Greenspan said: "Absolutely, precisely. You know, that's precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well." 

(underline added)
(http://www.theaustralian.news.com.au/business/story/0,28124,24548000-643,00.html)


Now does this equate to viability?


He goes on the add:


"I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms." (Ibid)


This sounds a bit like faith-based management to me.

And then we have 'world view' deficit -- one of many it seems at the top these days ('twas it ever any different?):



Asked by committee chairman Henry Waxman if he was saying his world view was "not working", Mr Greenspan said: "Absolutely, precisely. You know, that's precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well." (Ibid)


I sum this to mean "I am shocked because I was wrong".  We call this 40 years of drinking your own bathwater! 







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-- 
Professor Dr. Maurice Yolles
Centre for the Creation of Coherent Change & Knowledge (C4K)
[log in to unmask]; [log in to unmask]
http://www.ljmu.ac.uk/c4k
International Journal of Organisational Transformation and Social Change
http://www.intellectbooks.com/



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