Brooksley Born was the lone voice in the dark about the impending doom that was coming to our economy - in 1998! The holy trinity of finance - former privately-owned Federal Reserve Chairman Alan Greenspan, former Goldman Sachs-CEO-turned-Treasury Secretary Robert Rubin, and advisor Lawrence Summers - these were the guys with the answers. That's what the media told us and they should be listened to, right? She was ignored and forced out of her job as the one in charge of looking over the credit default swaps (one of the major cuases of our current Great Recession).
The good times rolled on for a few of more years. Bigger brains prevailed because Greenspan, Rubin, and Summers were just so genius that, of course, our nation's financial policy should be ruled by them. No questions asked.
Ms. Born was proven right - AGAIN this week when Greenspan and Rubin, two of the corrupt and arrogant trinity, testified before Congress and admitted slight fault. And what of the third guy, Larry Summers? Don't worry, he's President Obama's lead economic adviser. Yay!
We're sure, Brooskley Born would love to say she told them so but she'll have to settle for being CoOlDiGgY's Woman of the Week
Brooksley Born news:
*Brooksley Born Raises an Important Question, But Answers are Weak
watch Frontline's The Warning in its entirety below:
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