In Banking Crisis, Guys Get the Blame

February 11th, 9:45 pm
Gabrielle Martino

It is not only the United States that is in an economic crisis, it is the entire world. While many experts are trying to find solutions, there are many who are trying to "point fingers" at who is to blame for a lot of these problems.

In the U.K, many of these problems are being blammed specifically on men. Strategists are claiming that many men acted like "little boys playing with toys." Studies have even been done showing that when men have more testosterone in their system, they engage in more risk taking behaviors. This may be the cause for risky and maybe even reckless decisions made by top financial executives.

Since the economic crisis has started to excel, many more women are being moved up to top financial positions. Iceland is one of the leading countries in this movement with its female Prime Minister, and two women in charge of two of the biggest banks in Iceland. Even male experts are claiming that women are capable of more rational decisions and in a time of crisis are more capable of making tough decisions.

Honestly, I think that this article is a little bit sexist (okay, maybe a lot sexist). You cannot blame a global financial crisis on some ones gender. While biology might prove that certain hormones and chemical reactions could play on emotions and some decision making, I do not believe it is responsible for the entirety of someones actions. I am all for equal rights among the sexes and I would love to see women taking on more big roles in government and other important offices. However, I do not think that women should climb the corporate ladder by beating down the men that are at the top of it. The economic crisis was created by bad decisions and greed, not by someones "ability" based on their gender.

http://www.washingtonpost.com/wp-dyn/content/story/2009/02/10/ST2009021003385.html