Brooksley Born: Foresight Thwarted

Wouldn’t it have been heroic if someone had thought to warn the bigwigs of the disasters brewing from the giant regulatory gap in the “dark market” of OTC derivatives?  I’m sure that Greenspan, Rubin, and Levitt would have been so grateful for this wisdom.  They would have immediately set themselves to the worthy task of implementing her suggestions, thereby saving countless American homes, jobs,  and 401ks.  Or maybe, just maybe, they would have hooted her down and stripped her authority swiftly and deliberately.  What’s your guess? An interview with former CFTC chair Brooksley Born:
http://www.pbs.org/wgbh/pages/frontline/warning/interviews/born.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s