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Old 15.04.2008, 08:37
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Credit crunch - hormones did it.

According to research by Cambridge University the higher testosterone levels of young male traders are to blame for the sub-prime credit crunch by causing them to act irrationally towards risk. So it's a case of "it wasn't me, it was my hormones!"

Apparently last year one hedge fund gave their traders female hormones to curb their aggression with interesting side effects:

credit crunch

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