letter to the editor

[Riot]

I met guys like this in the late 1970's - 1980's, when I was one of the first women paramedics.

I took his job.

I read an interesting assessment of the financial crisis. It said that if banks, investment houses, etc. had more women in positions of power, they would not have made such reckless decisions. Women are more conservative and "global" in their thinking, and the firms that had alot of women VP's did better than those that did not. I'll try and find it ....

Here it is:

Why did the bankers behave so badly?
Anne Sibert
18 May 2009


Greedy bankers are getting most of the blame for the current financial crisis. This column explains bankers did behave badly for mainly three reasons. They committed cognitive errors involving biases towards their own prior beliefs; too many male bankers high on testosterone took too much risk, and a flawed compensation structure rewarded perceived short-term competency rather than long-run results.

http://www.voxeu.org/index.php?q=node/3572

Anne Sibert
Professor and Head of the School of Economics, Mathematics and Statistics at Birkbeck College, London and a member of the a member of the Monetary Policy Committee of the Central Bank of Iceland. CEPR Research Fellow.

[Indian Charlie]

Riot, the whole banking mess is nothing more than a complete fabrication, on every level.

Look into understanding fractional reserve banking. And not from mainstream sources like wikipedia.