The Warning
Feb 26th, 2010 | By Mark T | Category: EconomicsI just watched an excellent Frontline episode on the financial crises, credit default swaps and the deregulation of the Clinton era. It turns out that there were people who warned against the problems of credit default swaps. Brooksley Born, former chair of the Commodities Futures Trading Commission, repeatedly warned the Clinton adminstration and congress about the dangers of unregulated [...]