Friday, September 04, 2009

It's the magnitude, for crying outloud!

First, a disclaimer. Exegesis wanted to shy away from the Bank Century debacle, simply because we had no idea what went on, rightly or wrongly. But then the President took over that Privilege of Shyaway (The Jakarta Post, 3/9). He seems not to bother with this kind of issue, unlike those of Manohara or Prita.

So here's my take (figures and numbers aside). When a crisis struck, you deal with it with a non-normal treatment. Yes, you still need a system; but that system is only for emergency situation, hence a short term handling. When the situation is back to normal, you are also back to normal approach. You don't keep rebooting a computer when you only have a minor hiccup. When a bank is about to go astray, and with it it would take many others down, you're in a crisis situation. You need to make a quick decision. Calling all those House people for a late night consultation meeting is a waste of time.

But then you are using taxpayers money. No matter how urgent the situation is, you should keep remembering that it is not your money you're using to fight the fire. So make no mistake. Pour the water sufficiently, not overwhelmingly.

Now you're in difficult situation. Was it, the situation, systemic? Yes, no doubt. Were taxpayers money misappropriated? That one remains to be proven.