Brooksley Born

[barbaro]

Worthy of its own thread. This woman is worth knowing.

She tried to regulate the CDS derivatives, and the big player then (that are still big now) shut her down. Larry Summers, etc.

Here's a piece on Brooksly Born, Greenspan, Rubin, and Stiglitz. Very interesting. Cannot be imbedded, so click the link if you want to watch it. Start off in the 80s up to now. Credit Default Swaps.

And how people that warned of cheap money and bubbles, were shut-down, and pushed aside.

Start here --> http://www.pbs.org/wgbh/pages/frontline/warning/view/


Page 1 here, but link at top, part 2 is MUCH BETTER.
FRONTLINE: the warning: watch the full program online | PBS