Posted on 09/01/2010 10:02:23 PM PDT by Libloather
GFC possibly a male crisis
By Caroline Munro
1 September 2010
The global financial crisis (GFC) was perhaps a male crisis that could have had a softer landing if there were more women in the banking and finance sector, according to Italian economist and journalist, Loretta Napoleoni.
Napoleoni was a key note speaker at the Women in Banking and Finance annual forum, hosted in Sydney last night by Deutsche Bank, which also included panel speakers NSW Premier Kristina Keneally, Carnival Australia chief executive, Ann Sherry, and journalist and author, Mia Freedman.
Napoleoni said the cause of the GFC has been attributed to the banks and to greed, which she felt was a simplistic interpretation of what happened that does not explain irrational market behaviour.
“Irrational behaviour played a very big role in this crisis and so did the presence of men in finance,” she asserted.
Napoleoni said this sector has the greatest imbalance between men and women of any other sector in the economy, but it was a play she watched in London that led her to ask the question, ‘Could we say that this crisis is actually a male crisis?’ She found the answer in a study conducted by the Cambridge Judge Business School, which analysed the relationship between the credit crunch and male preponderance in the financial sector.
(Excerpt) Read more at moneymanagement.com.au ...
Yeah, I git it. Does that mean women should spend at will? (I, along as many of you, do fear a massive setup. Please check your credit card records.)
Men are competitive and keep it, women are controlling but would SPEND it. :)
What unmitigated crap. Canada’s banks are male-dominated and they were barely affected by the mortgage meltdown in the USA. What happened was US bankers went on a feeding frenzy of bad loans, while the Canadian banks, often criticed as “too conservative”, came out unscathed because they didn’t bet the farm of “securitized” US mortgages and they would not extend bad mortgages to their own customers.
Stupid womyn!
What, like women wouldn’t be as competitive as men in those positions? Dream on!
So they are blaming the financial crisis on stereotypical male behavior rather than the need to accommodate the desires of high-maintenance mistresses? :)
“Open minded” feminists using gender stereotypes to lecture us about how stupid we are.
I’m looking for those new dollar bills showing Martha Washington’s face.
I'm dreaming. What was the question?
Outrageously, unforgivably sexist. Ostracize the author. Do no business with her, defriend her, disfellowship her. When approached by anyone who is her business associate or colleague, politely but firmly decline to do business with them also, explaining the reason.
Kinda sounds like you’ve got the dogs to bring!
Bowney Fwank
Put this woman in charge:
http://blog.cleveland.com/metro/2010/08/lakewood_investment_scam_artis.html
"Most of the apples I bought are red not green. I got a stomachache from eating one of them last night. Therefore red apples are bad."
Well the rules of math, which underlie all economic theory, work differently for womyn. Obviously.
This garbage was written by an economist/journalist.
Nuff said.
U.S. bankers were required to make loans outside the parameters of good banking practices by Congressional decree...a Congress heavily influenced by those of the 'victim' class, commonly women. The courts were involved at some point, and the bankers just found a way to comply with the law (Community Reinvestment Act)
Someone is pushing an agenda here.
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