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:


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