Michael lewis iceland vanity fair pdf

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Need to check it out. Gabe, thanks! Jonathan says. Paul says. Gee says. Gina says. The Iceland article is still floating around, from when it was still free. Travis says. Jonathan, Heads up, the article can also be found on Archive. October 13, at am. Vince Thorne says. October 13, at pm. October 22, at am. I'm Jonathan and I've been sharing my discoveries about money since I think that, in so many ways, the financial markets are going to be feminized.

In Iceland you see this very specifically. The banks—I believe all three of the major banks—have women running them. They've been winding them down essentially, so they're custodian kind of roles. What you also see in the article is the one thriving financial business [in Iceland] is an anti-male, female investment shop.

That's extreme, but I think you're going to see this drift. I hate to say this, but I think it's true. One of the reasons it's going to happen is the jobs are going to be much less exciting to men. I mean, the jobs are going to be less interesting. When you walked into the typical investment bank, there were plenty of women. They were just not in the risk-taking positions. There are going to be many fewer risk-taking positions, and those risk-taking positions are not going to be taking the same sort of risks.

Women are going to be even more prevalent. So the good news is there are more women. The bad news is the kind of power they have is going to be much less. I don't really have a sense of how the story will read to an Icelander. I wouldn't be surprised if it triggered a debate about just how much responsibility they bore. Because I think they're letting themselves off the hook in a big way.

I think the problem is that the whole society got enmeshed in this. Everybody was speculating. So everybody has a financial incentive to basically say, "Oh, it wasn't our fault," to be forgiving about it, because they want themselves to be forgiven. Others argue that a particular decrease in births was a factor as well. What About Germany? What About the United States of America? Why does the US Stay Trapped? Germany works as the greatest creditor of the injured European nations struggling under the burden of the financial crisis.

The world waits to see whether Germany will rescue its neighbors. Well, Germany joined the eurozone primarily because it was assured that it would never need to act like the hero, saving its neighbors. In the fallout of the economic meltdown, market forecaster Meredith Whitney explored the amount the US owed their creditors, including retirees who expected annuities. Analysts raised doubt about her insight and notoriety, yet Whitney demonstrated right.

The bursting of the housing bubble worsened the terrible situation even more. Like this summary?