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Frontline: The Warning (Brooksley Born)

Posted By Barry Ritholtz On October 19, 2009 @ 10:30 am In Bailouts,Regulation,Television | Comments Disabled

Set your Tivos for Frontline [1] tomorrow night:

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click for video
warning [2]

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Excerpt:

“We didn’t truly know the dangers of the market, because it was a dark market,” says Brooksley Born, the head of an obscure federal regulatory agency — the Commodity Futures Trading Commission (CFTC) — who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country’s key economic powerbrokers to take actions that could have helped avert the crisis. “They were totally opposed to it,” Born says. “That puzzled me. What was it that was in this market that had to be hidden?”

The Warning: On air and online October 20, 2009 at 9:00pm (check local listings)


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/10/frontline-the-warning-brooksley-born/

URLs in this post:

[1] Frontline: http://www.pbs.org/wgbh/pages/frontline/

[2] Image: http://www.pbs.org/wgbh/pages/frontline/warning/

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