Lunchtime Links: Would female traders really have made a difference?

30 September 2008

1 minute read

Lunchtime Links: Would female traders really have made a difference?

It seems unlikely that female caution would have prevented the current situation, but contemplating a proliferation of female traders is a welcome distraction from events in the markets. The Times today devotes a lot of space to the notion that women would not have got us into this situation. This follows an article in the Financial Times yesterday, which rued the fact that recent recruits to investment banks have largely been 'hyper aggressive alpha male types'. Time to wear a pink tie?

Sarah Palin talks TARP. (Youtube)

Senate may try to revive the rescue bill by tomorrow. (Bloomberg)

It's bad, but not that bad. (Telegraph)

How JPMorgan raised $11.5bn in 24 hours. (Wall Street Journal)

Only 10% of people spent their bonus on luxury items. (The Times)

Ireland guarantees all bank deposits. (FT)

Why doesn't UK government do the same? (BBC)

Thanks to the ban on short selling, many investors couldn't hedge their long positions yesterday so just sold them. (Fintag)

New acronym for layoffs: Reductions in Force (RIF). (Wall Street Journal)

RIFs coming at banks in Asia too. (Bloomberg)

But Barclays creating 1,500 new technology jobs in Singapore. (Reuters)

Shocker: bonuses could fall 50%. (Reuters)

AUTHOReFinancialCareers UK

Insider Comment

Ja
James
1 October 2008
Female traders wouldn't have averted this crisis because the small trader is merely a pawn in a larger game of greed.As always, us and uk citizens are only interested in what's happening under their own roof and to their own pocket that they fail to open their eyes beyond the mainstream media articles, whose owners are controlled by, and fund the power players that can pass the right bills to keep them rolling in riches.
This 'bailout' and 'liquidity injections' are in the process of turning usa into a third world country, with all mortgages, savings etc entirely controlled by the privately owned federal reserve. Another golden handshake for wall st, while middle amaerica is squeezed into extinction.
Reply
Jo
John
1 October 2008
There is a place for female traders, but the guys seem to take more risks. I trade and lose money all the time but I win more times than I lose. Women, apparently, trade fewer times and don't take as many risks.
Look at the business world. James Dyson, vacuum cleaner bloke, had to re-mortgage his house as he couldn't find anyone to help his project. He took a massive risk. Paid himself 60 million pounds last year!
Being too cautious can impede progress when it comes to profit. I look forward to an article about female-run trading operations.
Reply