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FRONTLINE
veteran FRONTLINE producer
Michael
Kirk unearths the hidden history of the nation's worst financial
crisis since the Great Depression. At the center of it all he finds
Brooksley Born, who speaks for the first time on television about her
failed campaign to regulate the secretive, multitrillion-dollar
derivatives market whose crash helped trigger the
financial collapse in the fall of 2008."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?"
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