So, according to Michael Lewis' dissent (to the dissent to the dissent) of the Financial Crisis Inquiry Commission's findings that is coming out today, one of the 3 major factors he blames for the financial crisis is people who have vaginas.
Quote: In the commission’s report Federal Reserve Chairman Ben Bernanke describes recent events as “the worst financial crisis in global history, including the Great Depression.” The event, in other words, was unprecedented. To understand an event that has never before occurred, we must logically begin with those factors that have never before been present. On Wall Street, the most obvious such factor is women.
Distorted Judgment
Of course, the women who flooded into Wall Street firms before the crisis weren’t typically permitted to take big financial risks. As a rule they remained in the background, as “helpmates.” But their presence clearly distorted the judgment of male bond traders --- though the mechanics of their influence remains unexplored by the commission (on which several women sat).
They may have compelled the male risk takers to “show off for the ladies,” for instance, or perhaps they merely asked annoying questions and undermined the risk takers’ confidence.
At any rate, one sure sign of the importance of women in the financial crisis is the market’s subsequent response: to purge women from senior Wall Street roles. Wall Street’s gender problem is, for the moment, of merely academic interest. Less academic is... :End Quote
Evil women are at it again.
http://noir.bloomberg.com/apps/news?pid=newsarchi…
Disclaimer: Before you call me a jackass or anything, read the article. It's clearly a joke and is placed into the Monkeying Around Forum accordingly.
SB for you, sir.
Women have long been connected to wall street. However most of those years there were connected in the sex trade not the bond trade.
A broad is a broad is a broad. It's the men with the gynas that need to be spayed.
A broad is a broad is a broad. It's the men with the gynas that need to be spayed.
I knew it....
I was just reading this a few minutes ago and decided to email Michael with some thoughts and some questions. Be interesting to see if he writes back...
Not knowing the difference between correlation and causation is the NKI.
CommentsThatBelongOnDealBreakerButAreStillPrettyApplicableInThisContextHow did linking to something Michael Lewis wrote get me shit on? You people are ridiculous.
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