Comments on: Will Bank “Stress Tests” Kill Market…or Government Credibility?

By: JoWriter

JoWriter — Tue, 21 Apr 2009 04:13:05 +0000

Dunnage – not defending Summers, but that was not a paper. It was just remarks the organizers of the event had asked him to make, including their request that he ‘be provative.” The Boston Globe said, in the July 2005 story about the event that, “He said he was synthesizing the scholarship that the organizers had asked him to discuss, and … in his talk he repeated several times: ”I’m going to provoke you.”"

As the mother of a daughter with degrees in EE and computer science, and another daughter with a degree in Food Science Technology, I think I have a fairly rational view of the subject of women in science and math. They actually do have, as Summers said, “innate differences” which could account for why “fewer women succeed in science and math careers. ” The stories my daughters told me about their women classmates amply proved his point!

The fact that one of the people in the audience of 50 who walked out said she had to leave to avoid throwing up or blacking out tells me that he may have had a point.

By: Mannwich

Mannwich — Tue, 21 Apr 2009 03:09:20 +0000

Um, I think we’re already there.

By: dunnage

dunnage — Mon, 20 Apr 2009 21:58:02 +0000

wunsacon: agree. Stress test is simply an attempt to sweep the “investment” bank books under the proverbial rug. And people say that Goldman has a brain someplace. And Summers, well can’t forget his paper om women and math. He took the time to write and present the damn thing while President of Harvard. Explains Harvard and Summers. Now he can write one on aliens and accounting.

By: wunsacon

wunsacon — Mon, 20 Apr 2009 20:34:57 +0000

Let’s just say “reality” will kill the market. What reality? My perception of reality is that the banks are still insolvent. *That* reality.

If anyone wants to pin it on something else, it perhaps reflects their biases.

By: wunsacon

wunsacon — Mon, 20 Apr 2009 20:34:37 +0000

Last night, I read a headline that said the Obama administration doesn’t think more bailout packages to the banks will be necessary. My Scooby/Astro-like reaction was “uh oh, maybe Wall Street won’t like losing its allowance”.

I’m definitely not sure that’s what caused today’s selling or (perhaps) future selling. But, this announcement of “no more funds” is as reasonable an explanation as “stress tests” or “government credibility”.