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a policy and a way of dealing with one's company that has been widely in use since the media/banks/governments reported a financial crisis; it is a justification for various actions: staff reductions, cancelled payrise, lowered wages though none of these are necessary (because the company is doing well and needs no changes); it is a perfect explanation for everything if your general manager plans to fire some employees/cut wages and needs a good reason;
George: Crap, we're going to have staff reductions!
Will: What?
George: Yup, there were rumors, so we asked our boss about it, and despite good results of our company, half of us is going to be fired. We asked why and we heard that it was due to the financial crisis. End of story. Another example of no-comments-but-crisis policy.
by KurtSteinerPL September 16, 2009
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