The workplace is an especially difficult place for anyone to tell the truth, because no matter how flat we want our organizations to be, all organizations have some form of hierarchy.
Losses will hit creditors of weak banks in line with the normal hierarchy: shareholders and junior bondholders first, followed by senior bondholders and uninsured depositors (see article).
Mine moved quickly, yours moves even more quickly. As traditional structures are breaking down, leadership has to evolve as well -from hierarchy to shared responsibility, from command and control to listening and guiding.