
THE WARNING
A decade before our current financial crisis.
http://video.pbs.org/video/1302794657/
In 1998 as the Chair of the Commodity Futures Trading Commission (CFTC) , Brooksley Born was shut down by the Ayn Rand follower Greenspan during her plea to investigate and then regulate the common practice of huge financial institutions trading over-the-counter derivatives. She warned that the trading of unregulated financial contracts, such as credit default swaps, by the billions between banks, were open to fraud which put our USA economy at risk. It put American people at risk of losing jobs, homes, and values to support retirement. In 2009 Brooksley Born was given the Kennedy F Kennedy Profile in Courage Citation.
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