If Women Ran Wall Street Would We Be Looking at Epic Fail?
Over at New Deal 2.0, Nomi Prins, a former Goldman insider, thinks the answer's no:
But, the question is, would the massive bailout of the financial sector have occurred, had women been at its helm? Indeed, Davos economists this year speculated that the presence of more women on Wall Street might have averted the downturn.
She lines up the likes of Elizabeth Warren, Sheila Blair, Brooksely Borne against some of the more prominent vampire squid -- Bernke, Paulson, Geithner, Lloyd Blankfein (of we're doing "God's work" fame) et al and thinks the gender split may be not just coincidental.
Of course, women weren’t in the position of running these firms, so how could they have presided over their problems? Perhaps the attainment of such positions requires the shedding of a certain ethical code....
Of course, it is not just women that question corporate fraud or widespread financial risk. But for the most systemically compromising and expensive breaches of ethics and restraint, it has been women who have fought against the barrier of male nonsense to shine a light and an alarm.