13 November 2008

Who is Brooksley Born?

Funny name, but she is a serious regulator. In the late 1990s, she was head of the CFTC, and she warned that the unregulated CDS market was a disaster waiting to happen. For this she was vociferously attacked, and now Bloomberg news has an article about how she has been vindicated.

And who went after her for attempting to regulate Credit Default Swaps (CDS)?

Alan "Bubbles" Greenspan and Larry Summers, who the very serious people inside the beltway are suggesting would be a perfect Secretary of the Treasury.

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