Banks, Power and Chicanery-Rate Scandal

 HI Everyone,

Hope all of you in the U.S. had a good Independence Day...now Interdependence Day as the world grows smaller.

 

Once again we see leaders using power in authoritarian non-transparent ways--manipulating the LIBOR rate on which so many transactions are based.  Barclays, long respected British bank, has admitted it and several other banks are involved including U.S. Banks.  How implicated is the Fed?  Time will tell as the investigations proceed.

The misuse of power by "leaders" is at the root of all of these scandals, and reflects the surfacing of Old Power behavior no longer acceptable.  Barclays, for Heaven's sake!  Look for more such scandals to be unearthed.  The Power Shift from Old to New Power, which I discuss at length in my book From Old Power to New Power – Which Leaders Will Survive? is at the crux of global change.  Countries in which negative controlling unethical authoritarian power is allowed to persist will see weaker economies and reputations due to misuse of power.  

Yes, this has been around forever.  Yes, it has been a "privilege" of "leaders".  But the world has changed.

Information is everywhere and democratized, raising the expectations of transparency and ethical behavior from those with power.  Many leaders still behave as if they could control all in secret, but those days are over.  Time to change and move into a more positive collaborative participative framework as my mentors, my generation of professionals and the newer generations of consultants teach...In business, unilateral power is over.  Give it up.  It is obsolete.  Besides, New Power is more fun and much more profitable!  Scandals are EXPENSIVE!

In politics, the power issues are being played out around the world.  Egypt is in the grips of a battle between 2 Old Power factions, so they are in real trouble whichever one wins there.  Freedom will be hardwon and delayed for them.....watch this going on in every dictatorship...China, Iran, Syria...in different ways...the Old Power model is being challenged.  An amazing time and a compelling saga!

This underlies the huge mistrust of leaders now, by the way...standards have gone way up!  Leaders, your required learning curve now is huge.  If you do not learn the Power Shift skills and techniques, your career and company are at risk.  Plain and simple.

Peace and prosperity to all of you.

Dr. Linne

"Build on Your Best" Giving you the power to predict, profit, & protect 

Dr. Linne Bourget M.A. M.B.A. Ph. D 

www.oldpowernewpower.com www.whatyousayiswhatyouget.com 

Pioneer, strengths-based leadership, Master Intuition System Founder/CEO 480-767-1717

 Institute for Transformation Leaders& Consultants Strategist, Consultant, Speaker, 

Author of From Old Power to New Power – Which Leaders Will Survive? 

Co-author with Mark Victor Hansen, Deepak Chopra, Amazon #1Bestseller, Wake Up, Live the Life You Love - Finding Personal Freedom 

Author, What You Say Is What You Get® Series: The Secret Language of Great Business Results Dr. Linne's Leadership Guides Series Positive Quotient PQ® Questionnaire Appreciative Quotient AQ® Questionnaire Secrets of Powerful Appreciation for Parents and Children, 2 CD Audio by "Dr. Appreciation" Appreciation: The Secret Key to Magical Marriage Coming soon!! Power Course on Intuition for Business Leaders! "The greatest challenge is taking complete responsibility for your own greatness." Dr. Linne Copyright 2005-2012. All Rights Reserved. Dr. Linne Bourget, M.A., M.B.A., Ph.D.

Old Power, New Power, Obama, and the Banks

HI Everyone,

Why are the banks not lending now that things are better?

One of the greatest bottlenecks and frustrations in the
economy now is the banks not lending. A Congressman from
IL states companies in his state with orders on their books
cannot get funding to produce the products to fill the order!
This is nuts!

The issue is, why?
What has scared them into holding onto all the capital they
have and lending much less than before? Even after they
have paid back TARP money? Why would they give up the
additional profits from lending?

The underlying reason is Obama's use of Old Power attached
to TARP funds. Obama is assuming he has the right to expand the right
of the Federal government to control banks even after they have paid back TARP funds. This would frighten any industry. Old Power always scares people into self-protective choices even if those choices are not the most profitable!
Banks are no exception. They are in survival mode like many other industries
and small businesses. Until this changes, they will not lend, which will
continue to slow/dampen our economic recovery.

Our banks are at the core of our economy. As long as they do not feel
safe to lend, the rest of us business owners and leaders won't feel
safe to expand. Trust is everything.

Dr. Linne
Leadership power futurist, Fortune 10, 50, 100 Consultant
Economist, behavioral scientist, pioneer of positive strengths-based leadership
"Build on Your Best"
Giving you the power to predict, profit, & protect
Dr. Linne Bourget M.A. M.B.A. Ph. D
www.oldpowernewpower.com www.whatyousayiswhatyouget.com

Founder/CEO 480-767-1717
Institute for Transformation Leaders& Consultants
Strategist, Consultant, Speaker, Author of From Old Power to New Power – Which Leaders Will Survive?
Co-author with Mark Victor Hansen, Deepak Chopra, Amazon #1Bestseller, Wake Up, Live the Life You Love - Finding Personal Freedom
Author, What You Say Is What You Get® Series:
The Secret Language of Great Business Results
Dr. Linne's Leadership Guides Series
Positive Quotient PQ® Questionnaire
Appreciative Quotient AQ® Questionnaire
Secrets of Powerful Appreciation for Parents and Children, 2 CD Audio by "Dr. Appreciation"
Appreciation: The Secret Key to Magical Marriage
Coming soon!! Power Course on Intuition for Business Leaders!
"The greatest challenge is taking complete responsibility for your own greatness."
Dr. Linne

Copyright 2005-2010. All Rights Reserved.
Dr. Linne Bourget, M.A., M.B.A., Ph.D.