Watch Frontline The Warning here:

[ej510]

http://www.pbs.org/wgbh/pages/frontline/warning/view/

[tabatha]

1. Thanks for that.

Hope Obama can beat the banks.

[Lasher]

2. I watched it last night on TV.

I now understand the derivatives fiasco better than before, particularly where assignment of blame is concerned. Brooksley Born was exactly right all along, but everybody believed Greenspan in particular - a lifelong libertarian Republican who believed the financial services sector would self-regulate. Clinton was a good president overall but he made some big mistakes. In this case, and in the case of his support for global 'free' trade, he failed because he adopted Republican ideology.

We critically need legislation to fix this derivatives nightmare but I'm afraid Obama is too interested in being bipartisan with people who want to perpetuate it. More than that, we need to change our collective mindset so that people are appropriately laughed out of the room or run out of town on a rail if they even dare mention the invisible hand or trickle down bullshit.

The McCain campaign's chief economic advisor was the despicable Phill Gramm. Although he was dismissed for having called us a nation of whiners for daring suggest in 2008 that we might have a problem with the economy, he surely would have played a key role in a McCain administration.

Planning to review a transcript, I hit the Frontline link just now I got this: PBS Web sites are currently unavailable. We are experiencing technical difficulties with Internet connectivity. We will restore service as quickly as possible.

I'm sure they'll have it back up by the time the normal people wake up.

Rec #5.

[TicketyBoo]

4. Brooksley Born

should be the Secretary of the Treasury. Tim Geithner should never have been chosen, never mind confirmed.

We have a Secretary of the Treasury who was either too dumb to pay his income taxes the way he was supposed to (unlikely) or a crooked tax cheat (most likely). Not to mention the fact that he and Larry Summers were a party to the financial collapse.

Get her into office, advising the President, and get them out!

(Yep, I watched Frontline last night, too.)

[Lasher]

5. That very thought has been crossing my mind since I watched the documentary.

I think I'll email Obama to ask him to fire Geithner immediately and replace him with Born.

[babyblonde]

8. GREENSPAN KNEW

they all knew...the GREAT DEPRESSION was caused by Republican totally UN...regulated banking and Wall Street...Roosevelt regulated Wall Street Joe Kennedy reigned them in
The Repukes with Clinton slashed all the regulations in 1999


THEY KNEW!!!

[tomm2thumbs]

3. a must-watch... if Obama doesn't watch it, he's a complete idiot

and I say that with lotsa love :)))

[ej510]

6. In the documentary it mentioned Obama was trying to heavy regulate, but the lobbyist are holding up

the bill on Caoitol Hill.

[joeycola]

7. +1

[babyblonde]

9. Larry Summers biggest PIG

in DC......oink
apologies to 4 legged swine

[ej510]

10. He better support heavy regulation or else he needs to go.

[AllexxisF1]

11. Unbelievable.

I watched this early this morning and I just astounded.

I have never felt more scared, angry and just dumbfounded from a news piece before. In just 20 years these fools destroyed not only this nation but quite possibly the global economy.

This should be required watching for all Americans.

[robo50]

12. I watched it.... it should be REQUIRED VIEWING for anyone in the DU

AND anyone over the age of 16, anyone in the federal government, anyone who owns stock in banks, anyone who plans on saving money for their kid's college education, or for retirement, anyone other than Republicans in Congress.

Larry Summers, swine is too good a word for him

Tim Geithner, time to retire, you're a swine in training, and no one believes you anymore when you say you are on top of the situation.

Fire Summers and Geithner BOTH today, Obama.

Tell them they don't get any severance or retirement checks, either!

Larry Summers was a pig when he was at Harvard, and even HARVARD kicked him out of the Presidency.

[ej510]

13. Obama picked these fuckers, because they are intelligent, but

wall st. loved them.

[robo50]

14. I think Obama will get rid of Geithner sooner than we think,

and that wonderful woman will be back in charge of investigating why we pay $30 late fees and 29.9% interest on our $1,000 in credit card debt.

Buy a house, pay 5.5%

Buy a new car, pay 6.%

Buy a used car, pay 7%

Buy groceries, car repairs, new clothes, health care bills on a credit card, be ready to pay 29.9%, AND, if you pay it off in 30 days, pay a fee for never paying interest.