Women to Blame for Crisis?!

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.