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As Suggested by George Soros, Fed Will Buy Equity in U.S. Banks

U.S. Treasurer announced the the United States government will buy equity in U.S. Banks.   The government hopes that will hope stem the economic downfall.   We shall see.

A few days ago, I wrote about the very controversial billionaire, George Soros, being the one who first proposed this very plan.  It was pooh poohed at first, termed socialistic and from a bad source at that.   Then the United Kingdom moved on this plan, and now the the United States had seized the notion.

Hopefully, this will reverse the economic downturn.   Money will be made available for small businesses, and the larger corporations may move forward, no matter how tentatively.  Hopefully.   Whether this happens, remains to be seen.

But the smart money will take bold steps in this economic environment.   While others stagger or freeze in their tracks, the more intrepid will seize opportunities.   They will expand their businesses and profit from their competitors’ indecisiveness.   They will hire the employees who can not only help them sustain their businesses, but take them to higher levels.

While others listen to the talking heads talk about what you know already, and while the rest are pointing fingers and searching for new ways to place the blame, there will be those who use this time to move forward.   If you are on of those, conduct business research on all your potential clients.  You want to be sure they are not coming to you out of desperation, because they have burned their bridges elsewhere.   We had one client who just discovered that was indeed the case with one of his customers.   But, unfortunately, he found out after the fact.

Be smart.  Do your research before you extend credit, ship goods, or make available your services.   And be sure to be careful who you choose to hire.   You want a job candidate that can help you move forward and not some other company’s dead wood.  Or worse, corrupt wood.  So be sure to conduct preemployment screening searches on whomever it is you are hiring.   It can save you a bundle in the long run.

As we always say around here–Check them out before you hire.

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By Gordon Basichis

Gordon Basichis is the Co-Founder of Corra Group, specializing in pre-employment background checks and corporate research. He has been a marketing and media executive and has worked in the entertainment industry, the financial, health care and technology sectors. He is the author of the best selling Beautiful Bad Girl, The Vicki Morgan Story, a non-fiction novel that helped define exotic sexuality in the late twentieth century. He is the author of the Constant Travellers and has recently completed a new book, The Guys Who Spied for China, dealing with Chinese Espionage in the United States. He has been a journalist for several newspapers and is a screenwriter and producer.