Brooksley Born: Frontline PBS: The Warning

During the Clinton administration, Brooksley Born became chairman of the CFTC and then began warning everyone about the unregulated derivatives market, where hundreds of trillions of dollars are estimated to be invested.  Unfortunately the current economic leaders of the time – Alan Greenspan, Larry Summers and Robert Rubin – did everything in their power to silence Born. Since then, we’ve had a near disaster and a semi-collapse in the economy stemming from these derivative markets and yet, the problems have still not been addressed.

The Warning

The Warning – Long before the economic meltdown, one woman tried to warn about the threat to the financial system…



 

 

Leave a Reply

Your email address will not be published. Required fields are marked *