When you have to hire a public relations firm, if you do not understand this yourself, then there is something fundamentally wrong. You do not need to hire a public relations firm if you are taking multimillion-dollar bonuses and 8.5 million people have lost their jobs and 7 million homes are in foreclosure, in no small measure, because of the problems you created. Where is the sense of decency and ethics and morality that says: The average citizen made it possible for this institution I am running to stay alive? If I have to insist we hire a public relations firm, we are in deeper trouble than I could imagine. Just stand up and tell the truth. That might not be a bad idea. I presume my colleague shares my view on this subject, that they should not have needed a public relations operation to do it. One would have thought a good look in the mirror would have done it, and saying to themselves: Why are people angry? What can we do to help get back on our feet?
Editor's note · Context
Dodd addresses the ethical failures of Wall Street during the financial crisis.
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