Tag Archives: media

Banks Desperately Need A Crisis Management Plan

Can you imagine a major industry which suffers a near death experience, angers its entire customer base—wholesale and retail, domestic and international—and yet refuses to publicly apologise and adopt a plan of action that commits the industry to not repeating the mistakes of the past. That is where the banking industry is at right now.

This lack of decisive action on the part of the industry’s leadership will do lasting damage to not only the industry but also to its as yet unforgiving customers and the global economy. Part of the problem is that the industry does not appear to even realise that it is in a crisis—one which has been brought about by a complete loss of public faith in its activities. That is a tragedy. Continue reading

“No, Ma’am” (He’s Not An Arab) McCain Replied. “He’s A Decent Family Man, Citizen…”

Mitt Romney’s failure to respond to harsh attacks on Barack Obama has been criticized in the media. However, in contrasting it with John McCain’s reactions under similar circumstances four years ago, the media has revealed its own startling inadequacies.

Many people around the world, including myself, look up to the United States as a country where for the most part there is relative harmony between people of all races, religions and backgrounds. If anyone is in any doubt about this then you only have to look at the ethnic and religious tensions and conflicts in so many other places around the world. It is for this very reason, and the fact that the US trumpets its values of racial and religious tolerance, that we hold that nation to a higher standard when we look at racism.

Unfortunately, there is still much cause for concern there.

Continue reading

Ledwidge – The Blog

There is the mass media, there are blogs, and then there is Ledwidge.

It is amazing just how much of what we see and hear, irrespective of the source, still conforms to the conventional or a variation thereof.

For example, I have watched with some amount of trepidation, cynicism and concern, the current debate on the nature of banking. On the one hand there are governments and regulators who sincerely believe that more regulations will solve the problems of the industry. On the other hand there are bankers who sincerely believe that by merely improving governance and controls they can avoid another crisis.

Neither of these parties recognizes that the answers to this crisis lie in the human domain and both remain wedded to the same old remedies used in previous crises.

Unfortunately, the role of the media in all of this is to generate more heat than light.

It is what prompted me to write Clearing The Bull.

Politics and government is similarly disturbing. We have problems, both economic and social, that can only be remedied over a period of several election cycles. However, our politicians no longer argue right and wrong they argue right and left (with the media falling in line behind them). Thus, we have found ourselves in the unfortunate situation where our economic cycle is in conflict with our political cycle.

And we the people are left to bear the consequences.

The primary objective of this blog is therefore to bring new ideas and perspectives on issues surrounding banking, business, people and politics. The hope is that we at least might be able to change a few minds and mindsets.


Jonathan Ledwidge