July 20, 2011

The Warning (aired Oct 20, 2009) by Frontline: Economic Meltdown in Fall of 2008

Frontline - PBS: The Warning - Chapter 1
"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 power-brokers 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?" (more »)


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