The same sorts of things happened during the savings & loan bailout of the Reagan and then Bush years.
This sort of behavior must be taught in business schools, because it occurs too consistently to just be individuals. There has to be a management text book somewhere that emphasizes handing out bonuses and letting employees travel to have “an efficient organization”. It shouldn’t be happening in any non-profit, government or private, because it wastes resources needed for the services.
The failure of audits really bothers me. What is the point of paying for audits, if years go by before problems are discovered? Both of the secondary audits just completed at the Sheriff’s Office specifically mentioned the standard audits that have been taking place annually without finding these problems.
The system is broken and it will take a lot of work to repair it. It couldn’t have happened at a worse time, because we don’t have the money to do what needs doing, and now we have additional problems.
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