wallydownundy

It’s hard adjusting to the new world order. Citigroup owes its future to a US$300 billion rescue package from the government. Detroit is crying calamity if they don’t get money - US$25 billion is a start.

Consumers are about to get angry.

The bail-out fall-out is going to be surprisingly nasty. In the aftermath of Enron and Worldcom we consumers sat back in shock. Now with direct government support the levels of participation and demands will ratchet up.

Minimum requirements going forward will be transparency in use of government funds. More likely will be calls for active, hands-on governance as vested parties. The American public will feel entitled as owners of Citigroup and possibly General Motors to be involved in the decision-making.

For other companies, you can expect greater scrutiny on financial solvency and demands for the greatest level of transparency possible.

The bail-out fall-out is you’re going to have to share enormous amounts of information now and forever.