SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    Amen Sister”: Gillibrand Declares “The Lehman Sisters” Might Have Prevented 2008 Financial Collapse
Go
New
Find
Notify
Tools
Reply
  
Amen Sister”: Gillibrand Declares “The Lehman Sisters” Might Have Prevented 2008 Financial Collapse Login/Join 
I believe in the
principle of
Due Process
Picture of JALLEN
posted
Jonathon Turley

New York Democratic Sen. Kirsten Gillibrand told a supportive audience at the progressive Center for American Progress Ideas Festival that gender alone could make a difference in finance crises: “If it wasn’t Lehman Brothers but Lehman Sisters, we might not have had the financial collapse.” The problem, critics have noted, is that Lehman Brothers had a female CFO during the financial crisis. The bigger problem is how gender is often presented as a de facto credential by politicians and activists without acknowledging that it would also be de facto discrimination if used in this fashion. It is an interesting story coming on the heels of the story out of the University of Akron where a professor declared female students would be automatically given higher scores. Gillibrand’s comment comes when she is pushing for new sexual harassment legislation in Congress.

Gillibrand insisted that “all these different life experiences” including those of women of color bring “this host of experiences that are different that will make not only the problem-solving better, because it will identify different problems, but then it will identify different solutions.” There is no question that life experiences can give leaders different insights and ideas. However, the sweeping claim that gender could make some business people superior to others in areas like finance raise troubling reminders of our long history of sexism and discrimination. Is the suggestion that financial leaders should be selected in part due to their gender? If so, we have struggled to end a long history of such assumptions.

That point was missed by fellow former Hillary Clinton campaign communications director Jennifer Palmieri who could be heard explaining “Amen, sister.” Palmieri’s involvement was interesting since she was the recipient of the improperly released debate questions from Donna Brazile for Hillary Clinton. Brazile denied that she sent the information to Palmieri for months (and there was no disclosure of Palmieri to the contrary during the campaign). It only came out later that Palmieri did indeed receive the information. That was a female campaign aide who received material from a female commentator and DNC official working on behalf of a female candidate. It resulted in a long-simmering scandal of favoritism and false denials. Gender did not seem give added insight during that controversy.

Gillbrand’s comment is not original. In 2010, International Monetary Fund managing director Christine Lagarde said “if Lehman Brothers had been ‘Lehman Sisters,’ today’s economic crisis clearly would look quite different.” Notably, Lagarde was found guilty a few years ago (though not hit with penalties) for her role in the questionable €403 million arbitration deal in favor of businessman Bernard Tapie. That must have been the result of Tapie’s gender.

Just recently, Elizabeth Holmes, the founder of Theranos, was charged with “massive fraud” after being celebrated as the model of women in the workplace. Does that mean women should not be in the workplace or in business leadership? Of course not. The fact that she is a women had no bearing on her allegedly fraudulent practices any more than being a women gave her an inherent superiority as a CEO.

The concern is that leaders are increasingly pitching notions that gender can make you a better leader in various fields — a position that was opposed through the 1970s in the long struggle against sexual discrimination. Back then, it was men saying “Amen” to claims that men were inherently better suited to deal with government or business or other challenges. Men often insisted that the male gender bestowed greater toughness, understanding, and competitiveness in leaders. To suggest that a female might have avoided a financial crisis appeals to the same notions of inherent gender superiority or suitability that plagued our nation for far too long in our history.

What do you think?

Link




Luckily, I have enough willpower to control the driving ambition that rages within me.

When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson

"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown
 
Posts: 48369 | Location: Texas hill country | Registered: July 04, 2005Reply With QuoteReport This Post
Troll
posted Hide Post
So, it's perfectly reasonable for women to be bigoted towards men because sexism doesn't apply to women...riiiiiiiiiiiight.
 
Posts: 261 | Registered: May 02, 2018Reply With QuoteReport This Post
Too old to run,
too mean to quit!
posted Hide Post
quote:
Originally posted by Birdvol:
So, it's perfectly reasonable for women to be bigoted towards men because sexism doesn't apply to women...riiiiiiiiiiiight.


Of course!

More of this "safe space" BS.

I have worked with a number of women during my career and found that back then (I retired 20 years ago) that they did not want to be treated any differently than male workers.

Nowadays, they seem to be semi-literate about life, job requirements, performance evaluations, etc. If they have to squat to pee, then they are entitled to whatever they want, without working for it.

I blame our so-called education (using that term very loosely) system.


Elk

There has never been an occasion where a people gave up their weapons in the interest of peace that didn't end in their massacre. (Louis L'Amour)

"To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves and abhors, is sinful and tyrannical. "
-Thomas Jefferson

"America is great because she is good. If America ceases to be good, America will cease to be great." Alexis de Tocqueville

FBHO!!!



The Idaho Elk Hunter
 
Posts: 25656 | Location: Virginia | Registered: December 16, 2001Reply With QuoteReport This Post
Member
Picture of Leemur
posted Hide Post
Just to frost her flakes I’d like to see some guys from Lehman publicly state that at the time of the collapse they identified as women.
 
Posts: 13882 | Location: Shenandoah Valley, VA | Registered: October 16, 2008Reply With QuoteReport This Post
Mensch
Picture of kz1000
posted Hide Post
I don't think so. The financial markets would go nuts for 7 days a month.


------------------------------------------------------------------------
"Yidn, shreibt un fershreibt"

"The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else, and nobody was going to bomb them. At Rotterdam, London, Warsaw and half a hundred other places, they put their rather naive theory into operation. They sowed the wind, and now they are going to reap the whirlwind."
-Bomber Harris
 
Posts: 16148 | Location: Ivorydale | Registered: January 21, 2005Reply With QuoteReport This Post
Step by step walk the thousand mile road
Picture of Sig2340
posted Hide Post
quote:
Originally posted by kz1000:
I don't think so. The financial markets would go nuts for 7 days a month.



Assuming every female person involved in the markets were on the same cycle.

Since that's unlikely, I predict the markets would be nuts 32 days a month.





Nice is overrated

"It's every freedom-loving individual's duty to lie to the government."
Airsoftguy, June 29, 2018
 
Posts: 32370 | Location: Loudoun County, Virginia | Registered: May 17, 2006Reply With QuoteReport This Post
Mensch
Picture of kz1000
posted Hide Post
quote:
Originally posted by Sig2340:
quote:
Originally posted by kz1000:
I don't think so. The financial markets would go nuts for 7 days a month.



Assuming every female person involved in the markets were on the same cycle.

Since that's unlikely, I predict the markets would be nuts 32 days a month.


Big Grin Right you are.


------------------------------------------------------------------------
"Yidn, shreibt un fershreibt"

"The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else, and nobody was going to bomb them. At Rotterdam, London, Warsaw and half a hundred other places, they put their rather naive theory into operation. They sowed the wind, and now they are going to reap the whirlwind."
-Bomber Harris
 
Posts: 16148 | Location: Ivorydale | Registered: January 21, 2005Reply With QuoteReport This Post
Don't Panic
Picture of joel9507
posted Hide Post
quote:

New York Democratic Sen. Kirsten Gillibrand told a supportive audience at the progressive Center for American Progress Ideas Festival that gender alone could make a difference in finance crises: “If it wasn’t Lehman Brothers but Lehman Sisters, we might not have had the financial collapse.”

That is a load of narrative.
 
Posts: 15234 | Location: North Carolina | Registered: October 15, 2007Reply With QuoteReport This Post
goodheart
Picture of sjtill
posted Hide Post
Tammy Bruce was on Tucker Carlson last night talking about the same topic. Very well presented--she said we already had a soft, feminine president, that was Barack Obama. Big Grin


_________________________
“Remember, remember the fifth of November!"
 
Posts: 18616 | Location: One hop from Paradise | Registered: July 27, 2004Reply With QuoteReport This Post
Nullus Anxietas
Picture of ensigmatic
posted Hide Post
quote:
Originally posted by sjtill:
Tammy Bruce was on Tucker Carlson last night talking about the same topic. Very well presented--she said we already had a soft, feminine president, that was Barack Obama. Big Grin




"America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe
"If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher
 
Posts: 26029 | Location: S.E. Michigan | Registered: January 06, 2008Reply With QuoteReport This Post
Member
Picture of bigdeal
posted Hide Post
Would have paid to see someone address her afterward and say..."Yeah, thanks for the commentary sweetie, but I'm not really interested in stupid. Go make me a sammich and fulfill your role in life." Smile


-----------------------------
Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter
 
Posts: 33845 | Location: Orlando, FL | Registered: April 30, 2006Reply With QuoteReport This Post
  Powered by Social Strata  
 

SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    Amen Sister”: Gillibrand Declares “The Lehman Sisters” Might Have Prevented 2008 Financial Collapse

© SIGforum 2024