Explaining the Difference on CI Behavior in HK and Sweden. by using Hofstede’s Culture Theory

To do so, we would need to explain how the funds would be used. After yet another discussion of potential strategies, I reluctantly concluded that a direct purchase program for illiquid assets was not a good use of our limited TARP dollars. The markets were getting worse, and every program I looked at either took too much time to implement or would not be big enough to make a difference. Capital investments were more powerful, and we had decided to reserve $150 billion for future bank capital programs and to set aside funds to expand beyond banks to insurance companies. To make this work politically, we would need to deal with foreclosures. The next afternoon, at a meeting in the Roosevelt Room with a large group of senior White House staff and economic advisers, I decided to address the controversial mortgage relief issue directly. I said I didnБЂ™t think we should spend time debating the pros and cons of the issue. БЂњI know many of you strongly oppose government spending for foreclosures, and I canБЂ™t find a program that isnБЂ™t flawed,БЂ«I told them ...»