Men and testosterone caused the credit crunch?

male dominance is a very large suspect in a lot of problems of the world

we are all to blame greed i want i want i want wants is not important responsibilities are we all live on this dam planet starting taking care of it and each other i agree with 3oc

Yet another reason there should be more women in power -- both in government and on Wall Street!

is this a hint for men to let their wife's and girl friends go to work for them while they take afternoon napes watch and watch talk shows and do washing all day. If it is sign me up its got to be worth it for the economy right.

Here are more of these cases described http://multiboss.net/?module=bc

Wow, don't ever say this about a women. They will have a shit fest. I mean, what if someone said that the economy was going great until we started having a spike in female CEO's and the credit crunch was due to women overspending on luxury items. Jesus, people would FREAK OUT!!! But no, it's ok, because you are attacking men and somehow it's become ok to be sexist if you are a women or a self hating man but if you have a penis and are proud of the accomplishments of your gender you cannot offer an opinion on anything on the opposite gender.

P.S. The statement "Higher testosterone increases the appetite for risk". We wouldn't be a global super power if we didn't take risks. But no, it's ok. We should play it more safe like women. Third world here we come!!!

The reason why we are having a financial meltdown is Nancy Pelosi's speech!

BTW. When is Current going to fix this apostrophe bug?

"I can't stand's it no more." - Popeye

American greed has no hormonal preference.

Like women are models of stability. To think the market is erratic now... LOL!

Regardless who wrote it, this is sexist.

Sweeping generalizations and a handful of facts that have been clearly taken out of context and sensationalized.

Nice find though.... :\

I'd make up bullshit like this too if I ran an online magazine with traffic based ad revenue.

Yet another opportunity for women to come up Above and throw things in our face. How classic huh?

Reality is that women would have created twice as much debt.

Women are even more greedy, they even try to attack men so they can take more Glory...

it seems we've (all of us) been comparing men and women since the beginning of time. we are totally different with organ wise and mind wise. so stop comparing apples and oranges. men have more in common with a monkey when it comes down to dna.

or who knows maybe i don't

OK men in general tend to do bad things but that doesn't make all of us are bad

It shouldn't be a blame game - gender wise or other.

It's time we joined together and stopped allowing sex, race, religion or social standing to keep us divided.

"written by a man, so don't jump all over calling this biased feminist drivel."

I'm sure that no woman in history has ever said anything remotely chauvinistic (pfffft).

Interesting theory, but if we're talking about the basic, simplistic, root cause of the crisis, I'd say it's greed. Greed is not bound by what kind of chromosomes you have.

here's a study done in the UK suggesting that women have more than twice as much debt as men.
http://antimisandry.com/facts-figures/uk-women-have-more-than-twice-much-139-deb...

GREED makes you want to take a risk more than any amount of testosterone will.

“The problem in finance is that there is too much thrusting individualism and not enough femininity,”

thrusting...?

Yes, too much testosterone can get you caught with your pants down. One way or another.

Don't hate the player, hate the game.

it is amazing that the concept of discernment has been diluted down to chromosomal politics...this seems like gender based stereotyping at its finest

yes and no... i dare say theres more involved to an ailing economy than a bit too much testosterone. sure there was a lot of unwarrented risk in the business of late but there are also things such as huge quantities of people not being able to pay their debts and a housing collapse. even if it were directly caused by men and testosterone then what? are we going to go out and lynch every stupid male jerk who made a risky business manuever? i believe this article shows just how pathetic some people are in their efforts to get a little attention by resorting to underhanded and preposterous claims.

LOL. LOL.RLMAO. That the most insane thing I have ever heard. Testosterone happens to be in both sexes. Just more in men. Money and those wanting to keep up with their neighbors caused this problem. It is the man's job to hunt and gather. Hey wait a minute. We men are wolves.

Blaming one sex over the other is only ok when it's men that are blamed.

Blame women and then all the sudden it's their time of the month and you best....apologize.

Highly under-appreciated phenomenon. It's no surprise to me why I can be so anti-guy sometimes. And I'm a guy. There's some profound displacement here, I know, but if you knew me you'd understand. Trust me. lol :)

I don't know...sure, men invented credit. But it's women who spend it! Maybe we're ALL to blame.

Gender had very little to do with this economic scandal. Wolves are wolves.

Oh man can you imagine this story's reception if it blamed women for anything at all?

I agree that having more women in the market would create a more balanced financial system that values environmental economic principals.

The testosterone argument explains part of the January 2008 Société Générale trading loss scandal in which a rogue trader Jérôme Kerviel, fueled by fear and adrenaline, lost 4.9 billion euros by circumventing bank trading control systems.

However, the argument that testosterone is the culprit behind a systemic economic problem is far fetched. At the end of the day, greed ruled all. Many people I know in the financial sector saw this coming. It comes down to systemic fraud and deception.

I know both female and male real estate agents who were at the bottom of the totem pole who willfully helped mortgage applications pass when they were aware that the candidates were not really financially stable enough the receive the money. They were given financial incentives to do so by the people at the top.

Real estate values are based on perception of market worth. The easiest way to keep an economic system afloat and extract "fake" profits is to assign value to a commodity that is easy to manipulate. Real estate was a perfect target. Some of the top financial decision makers understood this and allowed it to happen in order to pull as much cash/profit out of the system while it lasted. Its like a pyramid scheme but much more complex.

In all honesty, menopausal feminists like Pelosi and Schumer are more to blame than anyone for the current economic crisis, and here is why:

The bail-out boondoggle is presented to us by politicians and the media is based on a distorted view of the problem that puts the horse before the cart. The key to the economic problem is that the real estate market tanked, and that is why the loans are upside down, or not worth face value, not the other way around. say in 2005 a house price was $250,000 and lots of folks rushed to get a $200,000 or $250,000 loan, because the rates were low, the economy, jobs income was booming, and prices were rising, as they always had in real estate... we all knew back then that the american home was the best and safest investment in the world..... then the FED got scared about inflation, so raised the rates ... every month for a year and a half, until the real estate market screached to a halt, then hack politicians like schumer tried to get free publicity by scapegoating banks with a few examples of ignorant borrowers swindled by mortgage hucksters.. the banks became the badguys for lending money.. so what did they do? they stopped lending. then the real estate market really melted down, so the $250,000 house is now worth $100,000 and the homeowner/borrower is begging the bank to take it back, so they can buy the same house next door and cut thier mortgage payments in half, which they must do because thier jobs and incomes have also fallen. On top of all this other housing expenses - taxes, utlities, and homeowner insurance spiked to all time highs, just as household incomes and equity were dropping. Home equity is the main form of household wealth, so america is now poorer, spending less, driving down employment and incomes - this is the key to our sluggish economy.

The FED tried too little to late to get the banks to lend by giving them a really low discount rate, below 2%, but the banks instead borrow billions and instead use it to speculate on wallstreet, driving up the price of commodititys, like Oil futures, causing gas prices and inflation to rise.

The answer to this problem is simple. Instead of bailing out goldman sacs executives, fund FHA to lend directly to homeowners at very low rates, similar to the 2% the banks already borrow at, this costs nothing, because the fed is already lending to banks at these low rates, we just eliminate the middle men and go directly to the mortgage loans that we want to fund to fix the problem. Allow homeowners to refi at the short sale value of thier home so they can keep thier home instead of buying the house next door. This will restore the housing market, home equity, employment, and income to the middle class..

Seems like it makes sense to me...

Not surprised

Simply shocking....not

Isn't too much testosterone attributed to wars as well?