Brooksley Born gave "The Warning" about the impending financial crisis

[MadMaddie]

10 years before the financial crash! Brooksley Born was appointed by President Bill Clinton as the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission .

If you haven't seen it you need to watch it, this brilliant woman was shut down by Somers, Greenspan, and a few other powerful financial people in WA. If they would have paid attention to what she was warning the "derivitive" financial disaster may have been averted or mitigated.

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

Clinton didn't support her and she got hammered!! It's a damn shame....

Watch and get pissed off all over again!!

[elleng]

1. There are 2 threads here already about this. VERY IMPORTANT!

and this about Volcker:

http://www.nytimes.com/2009/10/21/business/21volcker.html?_r=1&hp

[KT2000]

2. the other threads are videos

and still being on dialup I was glad to see one thread that had some discussion rather than just a video post.

[KT2000]

3. it was disappointing

that Clinton just let the wall streeters run everything.
What was really scary is that even though they saw one collapse, they still did not do anything about it.

Michael Moore is hammered about the people who took out loans they could not afford. I wish he would mention that the derivatives game made sure that one failed loan kept repeating itself through the system. They made sure that each failed loan would become the equivalent of many failed loans!

[MadMaddie]

4. Greenspan was untouchable and we are experiencing the

result of that. Summers and Geitner should not be involved in the fix that has to happen.

[Armstead]

5. Yes this doc is a MUST SEE...It shows how we got here

It also is very disheartening that it happened during the Clinton years...And that some of those jokers are now in the current administration

[rhett o rick]

6. As long as the middle class has money to loot, they will be busy. The stock market is booming.

Invest now and lose the rest of your life savings.