To Her Credit: At Least Brooksley Born Tried to Stop the Madness
Wednesday, Oct. 21 2009 @ 3:32PM
Here's a clip from Frontline's The Warning, focusing in on former CFTC chair Brooksley Born's attempts in vain to regulate derivatives during the Greenspan Era. For more background, see "Credit Crisis Cassandra," in the Washington Post last May.
Face it: Men are dogs. And the current CFTC chair, Gary Gensler, is just a little mutt, not the kind of shepherd that's needed. Born, on the other hand, was one tough and prescient bitch.
2 comment(s)
Ward, i believe one of the best ways to clean up Wallstreet is to clone Born & FDIC chair Sheila Blair and appoint them as a head of CFTC, SEC AND secretary of treasury .
Posted On: Wednesday, Oct. 21 2009 @ 7:30PMThe 2007 through 2009(and continuing. . . )financial fiasco has soured me forever concerning the possibilities of the USA.
Posted On: Thursday, Oct. 22 2009 @ 6:33AMIt now appears that the Big 0 will do nothing about our banking industry and Ms Born will prove prescient, again. We have returned to the viciuos greed of the era before Reform began in the early 20th century.
As our bank failures brand us with the mark of second rate ineptitude and the world groans in amazement at our blind greed; all the average American desires is cheap gas.
I am ready to give up.