Risky Girls Show Up Hancock and Zahawi
Tory MPs Matthew Hancock and Nadhim Zahawi argued in their modish 2011 book “Masters of Nothing“ that the banking crisis was partly due to a lack of women in trading rooms. Too much testosterone contributed to the debt crisis apparently. They backed up their argument with some mumbo-jumbo from neurobiology which basically dressed up stereotypes as science. Research just published by the Bundesbank based on an analysis of German bank executive teams from 1994 to 2010 suggests that this analysis is not backed up by the evidence. The research found that banks with a higher proportion of female executives “lead to a more risky conduct of business”.
So oestrogen-fuelled trading rooms will be no calmer…
Cant we just hire and udge on merit instead of quotas?
Correlation not equal to causation.
Except at the Great Barrier Reef.
A sexual allusion would have worked better here I think. Something about homosexuals and bumming usually goes down well.
“Correlation not equal to causation”
Fool!
Sorry, sex sells better than AGW, IMHO.
Oh Yes. Like Maggies Government that deregulated the Banks so they could gamble with our money. Ending up buying a load of Crap from American Banks in the form of CDF’s. The public school boys and girls Oxbridge educated with a smattering of London Shool of Fu-kwits. Great useless C-nts have bankrupt the country, Ah and the Government War Machine. PEACE TIME DEFICIT ??? My Arse.
NOW the Elite can Pass all their fu-king thick kids onto all our institutions, before the Feminist Agenda they could only get the BOYS in. More Social Exclusion as the Jobs market makes way for the debutants.
I’m a RAtPE fan btw…
But the offending securities are CDS (Credit Default Swaps), otherwise everything else is spot on!
‘Government by chums’: Warning to PM from former Tory chairman as Conservative MPs round on Cameron and Osborne
http://www.dailymail.co.uk/news/article-2123889/Government-chums-Warning-PM-Tory-chairman-Conservative-MPs-round-Cameron-Osborne.html
Don’t cosy up to the Yanks too closely Dave…
BRICs Bank To Rival World Bank And IMF And Challenge Dollar Dominance
http://www.zerohedge.com/news/brics-bank-rival-world-bank-and-imf-and-challenge-dollar-dominance
The days of US empire are drawing to an end.
Now from history we are all acutely aware of how good the Germans were in determining the root causes of their financial meltdown last century…aren’t we.
Check out the National Socialist’s 25 point plan on Wiki to find out how they went about resolving it.
What was that about BUM CHUMS???
As Christine LaGard pointed out that though the there were more Jews like DSK in top management this had nothing to do with the banks failure.
Trouble is the women who suceed in city either have to be more macho & testosterone fueled than their male collegues or else they just have to suck seed
I find that hard to swallow, Selohesra.
They normally are an excuse for some Wa-ker to put his Bird on the Board, Its a great way to get around the suspicions of the WIFE, especially for the late night meetings. Good Fu-king Fun for everyone on expenses and share holders expense
the woman who burnt herself , playing with fuel near a naked flame
Yeah that’s financial sectors looking for
Haha chick based banking involves trying to empathize with the borrower is going bust…
Despite the bitchyness, back-stabbing, inability to concentrate on a single task, lack of team ethos and lesser sense of personal responsibility and lesser self reliance women make better businesses…
Just look at business start ups by sex. Mostly female.
Most female businesses are bollocks. usual hair dressing, hair polishing or flogging underwear.
Other than the rolling pin and the windscreen wiper I’m still waiting for a bird to invent something useful.
What does W.I.F.E. stand for?
Washing, Ironing, Fu-king,. Etc.
Meritocracy NOW. Get rid of the educated Liers, They know who they are sitting in Parliament and not stopping Cameroon Lie about this PEACE TIME DEFECIT. What the fu-k is all that about????
Banking “crisis” occurred because too many loaded people avoided taxes, and expected others on far less wages to pay it instead!
The “banking crisis” occurred because the government needs exponential debt to hide the harm done to comparative advantage (wealth creation) by transfer taxation rent-seeking.
Exponential debt increases are not sustainable, interest grows as a %age of GDP growth until it wipes out all growth. Then the economy flat stalls (until taxes are cut).
Where do I start??
Its because every one and I mean every one is paying too much Tax especially the man in the Street, too a government that wants to spend every last penny on bullets and bombing, no commercial return that I can see.
Stop espousing their Media Shit. We are bankrupt and the WAR is what caused it. It pushed up energy to a level that sucked the spare cash out of the economy.
Guido you might be skating on thin ice with that one with the wife
What happens to muslims when they get drunk?
They get shi’ite faced.
Wrong. They don’t use Al-qhol.
They get away with racism and assault!
Surely you are referring to the “chosen ones”…as they are the only ones who practice Eugenics.
They get stoned.
+1
Nothing to hide, nothing to fear!
FFS, I nearly had a heart attack when I saw the title of this blog. I thought it was going to expose me with another of my young girlfriends. Thank Christ it is that Tory twat the other Hancock. Boaz.
I used to work at the Chase Manhatten of old. There was a situation when a salesperson was told that her skirt was too short. Her boss told her to kneel down to find out if the skirt touched the ground, it did not. This took place on the trading floor in full view of everybody. Guess what…………the boss was a woman !
If you want to find the source of trouble, look for the skirt, never fails.
Tis the gayers that seem to cause a disproportionate amount of the problems in polyticks
Women are poison in the workplace. Fact !
“So oestrogen-fuelled trading rooms will be no calmer…”
And petrol fuelled kitchens, bless their hearts.
So, men show off in front of women. I could have found that out by reading Huckleberry Finn.
And more women politicians will result in less wars
Cripes! Send me a couple of these risky girls, would you?.
I should have more women in the corridors of power
It is a fact that with a few notable exceptions, men have invented anything worth inventing
please note: I know a woman invented the orange and the allow wheel cleaner
I think woman,sat at home on their arses watching property auction and makeover programmes fueled the credit crisis by demanding what they fucking saw on telly.
Of course like the ‘tit’ jobs ‘they’ demanded it’s us blokes who end up getting the blame.
and the bill.
Silly me- I thought the financial crisis was caused by greedy bankers and useless policitians like Brown and Balls.
And I was also under the impression that the PIP implant scandal was caused by a former French butcher substituting medical for industrial silicone as a cash saving excercise.
Easy Woman don’t get all defensive,it’s not you under the spotlight in this report.
I’m just saying woman must have played a big hand in all this crazy borrowing shit.
(After all a bent banker needs a stupid borrower.Takes two to Tango)
Most blokes I know were happy with their old houses and wife’s floppy boobs.
She must be havin’ a period watch out lads!
In this day of equal opportunity I’ve never seen a woman working in a road maintenance/utilities gang. Hard work in all weathers and harsh conditions, strange that they’re not all flocking to sign up for this one.
And its us men who have to work over our sewage systems which get clogged up by wimin flushing their sanitary towels down the pan !
Ever seen those silly bitches on the like of Loose Women swanning about in their Chelsea tractors saying, ‘what are men for’? They think they run the world, failing to notice the men in yellow jackets they drive by every day who actually keep the whole infrastructure afloat.
Wimmen created the credit crisis by buying too many shoes.
The NHS is full of executive-level women but it’s just as incompetently run, just as full of “who-you-know” cliques, just as bullying toward those not considered “team players”, just as blind to its own manifest failings as any bailed-out bank.
but? I think you mean “and that’s why”
In a mixed environment the boys may be keen to show off to the girls and take even greater risks. And maybe the girls feel they need to show the boys how macho they can be.
The only real test of the theory would be to have a women only bank.
Credit default swaps were created by Blythe Masters and her team at J P Morgan.
Credit Default Swaps are the poster-child for all that went wrong in the City. Dubbed “weapons of financial mass destruction”, they were invented by an executive at JP Morgan.
The executive responsible – Blythe Masters – a woman.
A woman?…
I say fuck women. And men. If they’re your boss. Otherwise shit over them.
Is Blythe Masters the data point?
Agreed. Too many daredevil women in boardrooms .
Keep that Nicki Horlicks hogtied or she’ll just exude viagra ad infinitum whilst buying Miliken junk all day long.
It wouldn’t have happened to Lehman Sisters because there wouldn’t have been a Lehman Sisters in the first place.
No no no! They have really got to go on a multicultural and gender ethnic awareness course. It is in fact the lack of islamic mullahs and wimmin in full burkas allied to the absence of gay married couples on the trading floor that caused the banking crash of 2008.
If there were more aborigines/Tuareg/disabled and blind quadrapedic cripples/ married lesbian/Gay/islamic mullahs on the trading floor we would all be richer than the coalition cabinet.
Actually, I can easily see this being as a result of the male members of the board (subconsciously?) taking risks to impress their female counterparts.
Economics is not an empirical science. It is based on reasoning about human behaviour. The mere idea of the book shows the fundamental ignorance of the authors.
How about Central Banking and fiat money? Inflate credit, see prices rise, malinvestment and then bust. Happens time and time again, and plenty of halfwits come up with explanations such as these, when we could all see the boom around us.