Frontline on Derivatives
Watch Frontline‘s historical retelling of the roots of the financial crisis. Yes, folks, it’s derivatives, and Brooksley Born, the former head of the Commodity Futures Trading Commission, fought the good fight, trying to get them regulated and transparent, in 1998. The usual suspects (Rubin, Summers, Greenspan) shot her down. “They were totally opposed to it,” Born says. “That puzzled me. What was it that was in this market that had to be hidden?”
Maryland Public Television has it listed tonight at 10 p.m. and again at 2 a.m.