Brooksley Born Takes On The Big Boys And We All Lose

Yesterday I checked in with Blue Sky Rising and found an excellent and concise post about the economic meltdown, and the amazing woman who was warning about it over a decade ago; Brooksley Born.  The six part Frontline special appears to have embedding issues so I have posted the series on Eyeblast.  I am sure you will find the story as riveting as I did, and will recognize the same names you are hearing today as the “great minds” fixing the current economic meltdown.  Please remember that the over-reaching has a boomerang effect; see NY-23.

From BlueSkyRising:

Frontline: The Warning

This is a must watch for all those who wonder what brought about the world’s greatest financial crisis. Over a decade ago, there were many warnings by experts, and regulators that major fraud was being committed on Wall Street that could result in a massive financial crisis. Greenspan, Rubin, and Summers made sure that the regulators were not allowed to enforce the laws that existed on the books to protect the American people from losing their life savings. The banks knew they could get away with fraud, and outright stealing so they expanded their treachery. This excellent Frontline episode is the story of the great regulator, Brooksley Born, and how she warned and tried to regulate the dangerous OTC (Over the Counter) derivatives market when it was revealed that massive fraud was being committed. ‘The Warning’ sheds light on the role Greenspan, Rubin and Summers played in not only controlling our Congress by strongarming them from heading Born’s warning, but also pushing Congress to enact laws that prevented her from regulating the OTC derivatives market altogether. Knowing that her hands were tied, she resigned her leadership of the agency soon after. This is yet another example of how this crisis could have been prevented by our Congress, but they did nothing to protect the American people from losing almost everything they ever worked for. Is there still any question who Congress works for?

“We didn’t truly know the dangers of the market, because it was a dark market,” says Brooksley Born, the head of an obscure federal regulatory agency — the Commodity Futures Trading Commission [CFTC] — who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country’s key economic powerbrokers to take actions that could have helped avert the crisis. “They were totally opposed to it,” Born says. “That puzzled me. What was it that was in this market that had to be hidden?”

Part 1: The Go-Go 90’s

Part 2: Brooksley Born Arrives On The Scene

Part 3: Get This Lady Off Our Backs

Part 4: The Earthquake

Part 5: 1998 – Born’s Warning Becomes A Prophecy

Part 6: Late 2008 Born’s Nightmare Comes True

3 thoughts on “Brooksley Born Takes On The Big Boys And We All Lose

  1. BANKSTERS BEHIND BARS! Freedom for Families.
    Your web site is right on. The Banksters, Federal Reserve, FDIC, OTS, Geitner and former Greenspan were/are causing the millions of illegal foreclosures to fatten their pockets via Shared Loss Agreements. Perform your part of the Peacefull Revolt! Email every congressman, senator, governor and yes, even the ilustriuos Presidente, Obama–Make them know the “ants” (all us small people that comprise AMERICANS) have awoken to their theiving ways and will not tolerate it any more. We are many, they are few. If you spend time watching TV’s banter about Tiger Woods, Sandra Bullock, Biggest Loser, you have TIME to REVOLT and make it know that you KNOW ABOUT THEIR FRAUD.
    Please even if you are not in a foreclosure situation, this affects you too.
    Don’t sit and do nothing. Save the ant hill.

  2. Thomas Jefferson warned us about the evils of a central bank!
    J.F.K. was assassinated because he wanted to abolish the federal reserve!
    Our enemy is deception, and will go to great lengths to silence and discredit, all who attempt to enlighten others to their plans of rebuilding the Roman/ Babalonian world Empire!

    Religion, has programmed us to accept the book of Revelation as gods divine plan for mankind!
    Once the globalists established they’re world bank, they started their first of their three world wars, to acheive their goal, and after they installed the state of Isreal, all they had to do was follow the reat of the story!
    911 is Revalation chapter 18, 18:18
    Rrvalation 9:11 tells us who we are up against
    History is repeating it’s self, yet again, we have turned god into a man, for we can turn man or woman into a god and/or goddess, hence the anti- christ, the one world corporate, church government’s head!
    We haven’t seen nothing yet, there is two sides to this coin, and the mark of the beast!
    In order to install a one world currency, the worlds ecomonomy has to collapse, we have been warned and forwarned, yet we choose the wrong side out of ignorance, but now that the truth is shinning to bright to contain, now it’t time to make a conscious decision as to what side of this heavenly battle are we really on!
    Are you with science et,al and against nature, or with nature defending the earth from science incorporated?

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