Tuesday, June 29, 2010

The Big Deny

I just read a business blog that annoyed me.  Y'all, as my fans, know my low opinion of moneychangers. (Jesus was right: throw them out of the Temple).  The theme is that BP should have taken a page from Goldman Sachs handling of its role in the financial melt down. Here's a link.

B-Net - What BP Could Learn from Goldman Sachs About Crisis Management

Given that BP has handled its disaster PR worse than a kid with a picture of his hand in the cookie jar, I hate to think that the way Goldman Sachs pretended they didn't contribute to the meltdown is now a 'model' for crisis management.  Hitler invented the "Big Lie" which he says is "the principle--which is quite true within itself--that in the big lie there is always a certain force of credibility" (Mien Kampf Vol 1 Ch 10). 75 years later corporate America now has the "Big Deny".

Yeah, the politicians use it also. And the media eats it up. And the public is too stupid to notice.