The Gender Politics of the Financial Crisis
Moe Tkacik has a great piece exploring the gender politics of the financial crisis and, in particular, the vicious treatment of Sheila Bair, Brooksley Born and other women who have been marginalized by the Clinton and Obama economic teams but have also been notably prescient on the crisis. It's a bit long, and I don't think any particular excerpt would do Tkacik's argument justice, so you should just read it.
The one thing I'd add is that there's also a structural critique to be made here. The men who have been chosen for top spots in economic policy tend to come from similar worlds to one another. Many came from Wall Street and, in particular, Goldman Sachs. Others, like Tim Geithner and Larry Summers, were noticed and promoted by Robert Rubin.
The women who were chosen for top positions have more eclectic backgrounds. Bair was a former staffer to Bob Dole and the acting chair of the Commodities Futures Trading Commission. Born was a pioneering lawyer. Neither was plucked from traditional pools of economic talent and, as such, proved both relatively immune from the group-think and relatively marginalized by the group. That's not necessarily accidental: Wall Street is male-dominated, and Rubin, a former Wall Street titan, chose other men as his political proteges. Assuring some female representation meant searching outside those groups, and that meant the females who were chosen didn't share the blind spots and consensus opinions of those groups.
August 6, 2009; 4:52 PM ET
Categories: Financial Crisis
Save & Share: Previous: How Did Mike Enzi Become One of the Six Senators Deciding Health-Care Reform?
Next: Seniors and Health-Care Reform
Posted by: wldowning | August 6, 2009 4:59 PM | Report abuse
Posted by: theorajones1 | August 6, 2009 6:44 PM | Report abuse
Posted by: goinupnup | August 6, 2009 7:30 PM | Report abuse
Posted by: CHR12 | August 7, 2009 12:47 AM | Report abuse
Posted by: sam1111 | August 7, 2009 8:18 AM | Report abuse
The comments to this entry are closed.