That stock News

A trader in New York, holding head in his hands in 2008, as the Dow Jones fell below 9,000 for the first time in five years photo: AP

With a theory that will be alarm Business Secretary Vince Cable, Dr. Paul Crosthwaite, Cardiff University argued that bankers and other investors have excessive risks not only save money but to the "will" and "euphoria" of destruction.

"For its participants and speculators both, the accident is not simply an object of fear or anxiety, or even simple fascination, but an imperfect but urgent wish," Dr. Crosthwaite wrote in an article published in Angelaki: journal of the Humanities theoretical. "."

Blood on the Trading floor: waste, sacrifice and death of financial crisis, Dr. Crosthwaite says his anthropological study of investors and traders in walking a masochistic satisfaction item losses.

He argued that the crisis is the modern equivalent of traditional Indian "potlatch", a ritual ceremony, in which leaders of rival tribes contributed to destroy ever-greater amounts of their own possessions as an expression of power and importance.

But in coup whip for the Secretary of the company, Mr. Crosthwaite says his research strengthens the case for a regulation of the .c city ' is human nature: the bankers could be once more.

View the original article here