Lady drivers know why men can't get the same cheap car insurance deals as women - it's because they are too risky. And now, it's official, the risk-taking boy-racers of the financial district are the reason for the credit-collapse.
Matthew Syed (yes, a man) writes in the Times Online that MEN have caused the financial chaos that is bearing down on us at this time of fiscal chaos.
He writes, "It is men who dominate the financial system that got us into this mess; it is men, by and large, whose trading inflated the profits of banks to levels that now seem like the stuff of testosterone-fuelled fantasy; and it is men who pocketed most of the bulging bonuses that even Gordon Brown reckons were a key cause of the crisis."
Of-course, not everyone agrees with this viewpoint; senior financial leaders believe that women heads of banking would have made exactly the same "mistakes" as men.
Syed points out that men and women are similar in many ways, but they are measurably different when it comes to risk-taking. This is clearly demonstrated by car insurance companies who recognise that men, especially young ones, are so much more willing to evince risky driving behaviour and are therefore made to pay heavily for the privilege of belonging to that gender-pool.
Syed goes on to argue that gender traits are largely biological and would remain prominent even in a society dominated by females. He concludes that the city's financial firms need more women to keep them afloat and for those men that are there already to become more in touch with their feminine sides.
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