April 2nd, 2012

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…


68 Comments

  1. 1
    Not Ken Again says:

    Cant we just hire and udge on merit instead of quotas?

    Like

    • 3
      Unknown says:

      Correlation not equal to causation.

      Like

    • 4
      Selohesra says:

      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

      Like

      • 37

        I find that hard to swallow, Selohesra.

        Like

      • 53
        Rage Against the Political Elite. says:

        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

        Like

      • 55
        Merkel says:

        the woman who burnt herself , playing with fuel near a naked flame

        Yeah that’s financial sectors looking for

        Like

    • 8
      Polly's Villa in Tuscany says:

      Haha chick based banking involves trying to empathize with the borrower is going bust…

      Like

    • 19
      AC1 says:

      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.
      ;)

      Like

      • 36
        Bollocks to dykes says:

        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.

        Like

      • 54
        Rage Against the Political Elite. says:

        What does W.I.F.E. stand for?

        Washing, Ironing, Fu-king,. Etc.

        Like

      • 56
        Rage Against the Political Elite. says:

        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????

        Like

  2. 2
    Liarpoliticians says:

    Banking “crisis” occurred because too many loaded people avoided taxes, and expected others on far less wages to pay it instead!

    Like

    • 6
      Let us not forget says:

      Like

    • 23
      AC1 says:

      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).

      Like

    • 57
      Rage Against the Political Elite. says:

      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.

      Like

  3. 5
    The ghost of Frank Carson says:

    What happens to muslims when they get drunk?

    They get shi’ite faced.

    Like

  4. 7
    Guido says:

    Nothing to hide, nothing to fear!

    Like

    • 61
      Handycock (Teen Fondler) says:

      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.

      Like

  5. 9
    Suds1 says:

    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 !

    Like

  6. 10
    put the kettle on love says:

    “So oestrogen-fuelled trading rooms will be no calmer…”

    And petrol fuelled kitchens, bless their hearts.

    Like

  7. 13
    Ivory Towers says:

    So, men show off in front of women. I could have found that out by reading Huckleberry Finn.

    Like

  8. 14
    President Cristina Kirchner says:

    And more women politicians will result in less wars

    Like

  9. 16
    Boris says:

    Cripes! Send me a couple of these risky girls, would you?.

    Like

  10. 17
    Shagger Prescott says:

    I should have more women in the corridors of power

    Like

  11. 18
    It is a fact says:

    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

    Like

  12. 21
    Stinkfinger says:

    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.

    Like

    • 27
      AC1 says:

      and the bill.

      Like

    • 31
      A woman says:

      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.

      Like

      • 38
        Stinkfinger says:

        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.

        Like

      • 39
        Shagger Prescott says:

        She must be havin’ a period watch out lads!

        Like

    • 33
      Anonymous says:

      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.

      Like

      • 35
        Anonymous says:

        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 !

        Like

        • 40
          Anonymous says:

          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.

          Like

  13. 26
    A pragmatist says:

    Wimmen created the credit crisis by buying too many shoes.

    Like

  14. 28
    SpAd says:

    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.

    Like

  15. 42
    John Page says:

    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.

    Like

  16. 46
    Alex says:

    Credit default swaps were created by Blythe Masters and her team at J P Morgan.

    Like

  17. 47
    Kernow Castellan says:

    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.

    Like

  18. 48
    Sue Bor says:

    I say fuck women. And men. If they’re your boss. Otherwise shit over them.

    Like

  19. 49
    It doesn't add up... says:

    Is Blythe Masters the data point?

    Like

  20. 59
    Lee Amaitis' Bonus says:

    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.

    Like

  21. 60
    El Sid says:

    It wouldn’t have happened to Lehman Sisters because there wouldn’t have been a Lehman Sisters in the first place.

    Like

  22. 62
    polythesis says:

    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.

    Like

  23. 63
    Grumpy Student says:

    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.

    Like

  24. 68
    Elgin's lost his Marbles says:

    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.

    Like


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Owen Jones says:

We also need Zil lanes.


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