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When we talk about gender pay gaps in the United States, and if you look at women without children, they earn 96 cents for every dollar that a man is earning, while for mothers it is about 76 cents. That's nearly 25 percent less. For single mothers, the situation is even worse. One third of them are living in poverty or just on the edge of poverty. This is an unacceptable situation.
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Michael Lewis
Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.
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