Financial crisis been blamed on people with Asperger's! (wtf

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I heard they should have went into science related fields and not economics.

Besides, it's lack of government regulation that' the real problem. Humans are going to do anything they can get away with unless someone regulates them.

they give no evidence that the people in power even had aspergers....

and also it clearly was not about numbers or else the colapse wouldn't have happened....

The reality that behavoir of taking risks with otherpeoples money heavily rewarded. And an approach to ethics borrowed from ayn rand that justifies deception to take advantage of others as rational behavoir of a moral actor.
Naw it must be that the aspies did it. Yup.

If anybody suggests that, the vested interests scream "red tape!" and insist that regulation leads to inefficiency and failure to compete in the global marketplace, and then of course we all die. They say the same about redistribution. It seems axiomatic to me that if we're going to have a market system at all, it had better be regulated and taxed, or there'll be nothing to stop all the wealth concentrating into the hands of a very small number of people, to the obvious detriment of everybody else. I would no more want a free market than I would want a free man-eating tiger.

Hmm...so every banker who was corrupted by wild gambling, and all the MASS fraud done by the banks and subsequent financial meltdown comes down to people with Aspergers...I think people would have noticed a load of Sheldon Coopers running around the stock markets?

The people to blame are the bankers, who gambled wildly with other peoples money for their own gain.

In my opinion, regulation is needed in the financial sector but maybe not so much in others. This scenario proves it's needed in financial. They, obviously, cannot handle themselves well without it so regulate them within an inch of their lives!! !
If problems arise elsewhere, regulate there as well. I just hope it's not too late by then :S

This is rubbish.

You do not need theory of mind to work that exponential growth in a debt fuelled commodity that outpaces growth in incomes of those taking on the debt is going to end in a crash. You can just draw two curves on a piece of paper to demonstrate that fairly rapidly the repayment exceeds a person's total income, which is of course why banks introduced 'novel products' like mortgages with teaser rates for the first 2 or 3 years.

It was an active decision by the powers that be to unleash floods of money to avoid a harsh recession after the dotcom burst, not a problem in itself as long you spend a few years refocussing the economy into something that provides productive growth. To let it continue for so long in the belief that you have created a new paradigm is not an aspie trait, it is delusional, illogical and done by people who don't understand (and don't want to understand) what an exponential is because that is far too much nitty gritty detail, just let me go out and spend lots of money...

I was very suspicious in 2002, figured it out in 2003 and was completely incredulous that it was allowed to continue past 2004. By looking at the detail. Instead of the emotional brainwashing propaganda. Now doing that is very aspie-like...

Most people will do what it takes to make a mountain of cash if given the opportunity and knowing there aren't any regulations and that it's all legal, they are going to rationalize it's perfectly fine to do what they are doing. That is why regulation from an oversight committee is so badly needed. In this case, the government is the only entity that can effectively do it.

The question is, will the government be able to enforce new regulation now that the proverbial genie has been let out of the bottle? An invariable Pandora's box has been opened.

this article will make vernon smith happy…



http://en.wikipedia.org/wiki/Vernon_L._Smith



[youtube]http://www.youtube.com/watch?v=w5bYbpdMy2c[/youtube]

This sounds like something Reece Witherspoon would come up with in Clueless.

BTW, if you think I'm nuts saying the whole thing was deliberate, don't take it from me, take it instead from Eddie George, the governor of the Bank of England at the time. This select committee sat in 2007 before the financial crisis unfolded...

http://www.independent.co.uk/news/busin ... 41160.html

Details...

They are important...

Alex, it sounds like someone was plagerizing the Onion.

When Islamic militants read an article they don't like they kill or make attempts on the author's life. Now everyone tip toes around thinking twice about making fun of them or writing articles about them maybe autistic people should adopt this strategy? Its the only way you can get respect from the NTs is if they fear you. You cannot make them understand you if they do not respect you.

I call Racist Card, I think once again this is why the trolls on Facebook are targeting people with the disorder, or any form of Autism now, this is what I see in terms of where people of the 1930s to 1970s want those Mental Aslyums Opened again, I hate this...

My understanding it's the exotic derivative creators who are in question. It doesn't really matter though because there was a fundlemental breakdown on many levels. These guys were attempting to find creative ways to make more money. The problem being they required an insatiable amount of debt obligations to do it so it became a massive ponzi scheme. Then they turned around and insured their risk meaning insurance giants like AIG would go down when losses started accruing in massive quantities.. Yeesh, what a mess!

I can only imagine if this same article was written about a different minority group...ie. one based on religion, sex orientation, gender or race...hmmm...

Disgusted.