Tuesday, February 23, 2010

Brooksley Born, Brooksley Born, Brooksley Born


Greenspan humiliated and bullied Brooksley Born of the Commodity Futures Trading Commission under Clinton when she accurately predicted that credit default swaps were going to crash the market. Had Greenspan had the capacity to listen, the coming market disaster might have been averted. I'm not saying that other economists didn't do their bit to bring us all down, but Greenspan was out in front, arrogantly confidant in his own judgment until it all came crashing down.

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