themcglynn.com

14 Jun

The woman who dared ask the $600 trillion question

 Brooksley Born

Brooksley Born

Leah: Saw this frontline last yr. She should have been made fed chair. Put the chicks in charge of the $, Brooksley Born and Elizabeth Warren have what it takes to clean up this mess

FRONTLINE

Tonight at 9:00PM ET . Check Local Listings

THE WARNING

Post Mortem Watch a preview

Before we heard about “toxic assets” or credit default swaps…

Before the financial meltdown…

One woman, a little-known lawyer at an obscure government agency, warned of a giant black box at the center of the financial world — a box filled with some $600 trillion worth of complex derivatives — that threatened the entire U.S. economy.

Tonight on FRONTLINE, a rebroadcast of The Warning, the story of how Brooksley Born attempted to shine a light on the massive derivatives market in the decade before the financial collapse — and became the enemy of Washington’s most powerful players as a result.

“She used to say she would lay awake at night, turning in her bed, because of what she could see coming down the road,” a former colleague told FRONTLINE.  “The crises kept building and building.”

We hope you’ll watch.Ken Dornstein
Senior Editor
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Watch the full episode. See more FRONTLINE.

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