Many professionals knew what was coming. Some withdrew their money. All kept silent.
by Afra Raymond
“The Code of Silence is deep and powerful in the case of the CL Financial bailout.”
“Aside from legally-empowered regulators, there are other informal ‘regulators’ upon whom society relies to make decisions. With one notable exception, the informal ‘regulators’ have been silent throughout this CL Financial fiasco and have failed the broader society in this colossal matter.”
Throughout this series of articles on the CL Financial bailout I have touched on the existence and effect of a Code of Silence amongst our ruling elite.
This is sometimes called the Information Age, with the latest news and ideas being ‘pinged’ or ‘tweeted’ across the Social Networks. The new reality demands a complete shift in our attitudes to information. Our leadership class has blatantly refused to share their information and insights at moments of crisis, which shows the challenge facing us if we are to progress. Continue reading