The Warning and Brooksley Born on Frontline
Posted on October 22nd, 2009 by Silicon Valley Dazed
The amount of dollars and intangibility of credit default swaps and derivatives make my head swim. This Frontline episode is a compelling story of how Brooksley Born tried to warn about the dangers of unregulated hidden markets back in 1998. Politically, she ultimately lost to the triumvirate of Alan Greenspan, Robert Rubin, and Larry Summers, [...]
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Filed under: Business, Politics