$(document).ready( function () { talk_rendercallback({"enabled":"0","islive":"0","eid":5578,"total":"49","discussion":[{"nm":"Larraine McNamara","rs":"0","ms":"Thank you Frontline for hoding up the mirror to our government.\n\nI have had this scary vision (the makings of a scarier story) that our country is turning itself into a "living hell."\n\nPerhaps Darwin was WRONG. The blind Narcissism of the unchecked ego-- rising to HUBRIS in our governance-\nis stronger than thought, ethical behavior, "rationalism," and finally, altruism. And so we lose ourselves and our country.","pt":"Mar 1, 2010 13:20"},{"nm":"Jon Compton","rs":"0","ms":"I am struck by the vehement and intensely judgemental comments about the bureaucratic figures highlighted in this report. People seem to be seeking a "scapegoat." I do hope those who have acted irresponsibly are held accountable--not for blame and vindication, but to correct as best we can the problem inherent in our economic system. Adopting a dualistic "I\'m right and you are wrong" stance is the current tone in Congress (and the tone of many of the reactions to the show as well), which led to Sen. Bayh\'s resignation. Mr. Wessel recognized Ms. Born was not a Sen Kennedy, who took a non-dualistic approach in Congress--he built bridges across the isle. I do admire her courage and agree with her stand. Yet if our current discussion devolves into righteous anger and condemnation of others, we will continue to swing on the pendulum of political extremism rather than experience dialogue leading to constructive action. ","pt":"Feb 23, 2010 14:39"},{"nm":"Anonymous","rs":"0","ms":"The power of Wall Street and a Congress and media owned by Wall Street is a greater danger to America, our country , and our way of life than terrorists, Iran, or any foe. The next time this happens governments may not have the means or the ability to save our financial institutions and the whole world will collapse into povery and chaos. As Bill Maher the comedian and satirist says Americans are stupid. They vote against their own best/self interests. They support media that lie to them they support Senators and members of Congress , particularly from the South ,where it is easier to buy a Senator or Representative(much smaller media market). Therefore until and unless we have a third party dedicated to what is best for America and its people and can separate from the Republicans and the Democrats ,that are both owned by cooporate interests, we will have another crash ,one our children or our children\'s children will not recover.There must be a revolution that demands public finanacing of elections , an independent third party that stands up for the people, and fundamental changes in the Senate rules that does not allow one Senatorto bring a halt tot the government.Republicans and Democrats owned by corporate interests have played havoc on the best interests of Americans with divisive tactics related to moral issues, and making governnment ineffective and keeping Americans distracted from the critical issues in their lives.","pt":"Feb 17, 2010 18:49"},{"nm":"waltinseattle","rs":"0","ms":"Even Greenspan isn\'t dumb enough to believe himself.....is he?\n\nYou must remember this: "regulations" are written so that the "purchaser" can find the loopholes but others can not find them.","pt":"Feb 17, 2010 18:37"},{"nm":"wayne Wong","rs":"0","ms":"unfortunately, another case of i pledge allegiance to myself ... rubin, summers, greenspan","pt":"Feb 17, 2010 17:51"},{"nm":"Serena King","rs":"0","ms":"Thank you, Frontline, for "The Warning"! May it contribute mightily to achieving the regulation that is so long overdue. As Robert Kuttner has put it: "Capitalism must learn to regulate itself in order to save itself." The program should be studied in all schools, colleges, and Congress. President Obama could do much to restore faith and hope by appointing Born and Bair to powerful positions -- with eloquent apologies and appreciations!","pt":"Feb 17, 2010 16:45"},{"nm":"Bill Collins","rs":"0","ms":"Thank you Frontline for this video.What scares me is at this time that regulation has not beem promoted to stop this fro recurring again.how insane!!!!!!!!!!!!!!!!! Bill Collins","pt":"Feb 17, 2010 13:30"},{"nm":"Gary Boone","rs":"0","ms":"I watched this show last night for the first time. I was horrified to know that someone with such great insight into the derivatives abyss was totally ignored and even ridiculed for her views. I was further disappointed to see the derision from certain members of Congress, including then Sen. Phill Gramm of Texas. Hindsight is 20/20 but this lady had it right from the get-go. The worst thing is we are headed right back down the same path and no one in power is listening.","pt":"Feb 17, 2010 13:00"},{"nm":"Linda","rs":"0","ms":"I saw this on PBS last night & had to check it out further on your website. It makes me so disgusted to find out that Obama has the EXACT same people as Clinton did when this whole mess started. People always say "if you don\'t know your history, history will repeat itself". Well, apparently the people in charge never heard of that saying, because they keep making the same mistakes over & over again!! And then we (the taxpayers) have to use our hard-earned money to bail them out!! Good for Brooksley Born - she REALLY tried to prevent what happened from happening!","pt":"Feb 17, 2010 10:43"},{"nm":"James Benson","rs":"0","ms":"Arrogance will always choke on itself eventually. The arrogant and ideologue refuse to learn; to be open to other points of view or to new information. In the same way a "self" devoted to itself, who imagines itself separate, above or apart from the life that sustains it, is not only lost, but without genuine intelligence. Unfortunately, these driven and self-serving fools will no doubt continue to take down societies with them. And we ourselves, aspiring to be separate, above, and apart, will likely continue to follow them over the cliffs and into the seas. ","pt":"Feb 17, 2010 03:53"},{"nm":"Stephen Wall","rs":"0","ms":"Dear Brooksley Born, I just want you to know, nobody is ready to step in for you. Only you can pull it off. Please continue your work to regulate derivatives. Please get back on the stump. Only God and wise, courageous Americans like you can deliver us from this morass. The arrogance is still there and it scares the hell out of me.\nPlease protect the money of the American public which is still at risk. The world is now listening.","pt":"Feb 16, 2010 23:00"},{"nm":"roswitha underwood","rs":"0","ms":"where is Brooksley Born now? i hope she hasn\'t given up on america. we need her and more like her who aren\'t afraid to stand on their principles. our country needs you and we need to have the courage to support you.","pt":"Nov 12, 2009 10:48"},{"nm":"Global Chick","rs":"0","ms":"I agree with eveyone in their admiration of Ms.Born and her incredible intelligence and courage. What is worth mentioning here is that,unfortunately, quite often people do not respond to reason. Average people---when it\'s staring them in the face. It\'s not want they want to hear, so they blow it off. I see it everyday.\n\nSo, it\'s really no surprise that things worked out this way. The party was raging, many were drunk and she thought it best to put a tap on the keg. But she was perceived as a party pooper. My questions is, really: how many average folks would have blown off her good reasoning too? Look at the people who invested with Madoff...they were greedy too. As were people who took out crazy mortgage amounts that they would never be able to pay if rates reset or they lost their jobs. WAKE UP, citizens.","pt":"Oct 27, 2009 00:12"},{"nm":"Kyle E.","rs":"0","ms":"Heaven help us. I fear that only a complete economic catastrophe can get destroy our blind and childish worship of "free markets" once and for all. Generations of thrift and industry, all that our grandparents and their grandparents built and sacrificed for, gone in an orgy of spending. Once it\'s gone it will never come back. I\'m not inclined to believe in devils, but the men who orchestrated this 30 year plunder of the decent working people of America must be as close as you can find on earth.","pt":"Oct 25, 2009 23:32"},{"nm":"Bill Hardin","rs":"0","ms":"Brooksley Born\'s story is both invigorating and depressing. She is analogous to the fictional boy with his finger in the dike helping avert disaster. The ocean of capitalism gone amuck is our threatening presence and, like the fictional hero, one heroine is not able to do the job alone. Perhaps common sense and morality will assert itself before the resurgence of our financial flood ovberwhelms the world. Money is power and the people of our government will be hard-pressed to resist the lure and pressure obscene wealth exerts in our current society.","pt":"Oct 25, 2009 09:05"},{"nm":"Daniel","rs":"0","ms":"We don\'t need rules against fraud because the markets will figure it out? Are you serious? In that case, we shouldn\'t need any rules against rape or murder because the family of the victim will get back at the perpetrator. How about some basic common sense. Apparently, Greenspan didn\'t have any. And this guy was our regulator for 18 years? Greenspan was a complete moron. And Obama has the same group of cronies advising him. If Obama doesn\'t pass some meaningful reform to regulate these derivatives, he should be voted straight out of office.","pt":"Oct 23, 2009 14:50"},{"nm":"Kevin Shea","rs":"0","ms":"Google "Larry Summers women" and you will read about his stated attitudes about women and their abilities with science and math. \nI agree with other commentators about the financial advisors that President Obama has surrounded himself with. His background is in Constitutional Law rather than finance. That skill is sorely needed now.\nThe NYTimes has just published an article about Paul Volker and how his influence appears to be waning with the West Wing. \nThanks for this fine documentary...\nLets all get together in 10 years and compare what\'s left of our bank accounts...KBS","pt":"Oct 23, 2009 00:24"},{"nm":"M.J. Pipkin","rs":"0","ms":"Notice that the same words Arthur Levitt claimed he had heard describing Brooksley were used to describe Sonya Sotomayor! Do you suppose those are code words for "woman." It is usually much harder to intimidate women with the good ol boy group, because women are never part of that group. I.e. they haven\'t had to "play along" to "get along." \nThose guys should really be indicted, imho. Brooksley should take over as Obama\'s financial advisor, Secretrary of the Treasury or whatever Ruben is... she\'s above intimidation. She has integrity far beyond any of those guys ... Ruben, Sumers, Geitner, Greenspan. And she hasn\'t been poisoned by Ayn Rand, who surely was an advocate of the bullies eating the rest of us... ","pt":"Oct 23, 2009 00:05"},{"nm":"Shulamit Scott","rs":"0","ms":"I have sent my friends the url to this program so that they can watch it online. It is rare for an individual to stand up to such a power group as Ms. Born did. She stood her ground, paid a heavy outward price, and few will remember her compared to Mr. Greenspan, Mr. Rubin and the other men. However, ultimately events proved her right on the money. It is individuals with her beautiful character that I try to surround myself with in my personal life, and needless to say, I can count their number on less than two hands. Thank you Ms. Born for staying true to your beliefs. \n\nAnd President Obama, if you happen to read this page, I voted for you for the first time since 1968 and you just lost a couple of degrees of my respect due to your decision to put in power again certain men who played a major role in the downfall of the economy. Please obtain their resignation and offer the top position to Ms. Born. ","pt":"Oct 22, 2009 23:36"},{"nm":"John Engelhard","rs":"0","ms":"Frontline should be mandatory in all schools. Your work is outstanding. Brooksley should be Cannonized for Saint Hood. It\'s a shame Reagan isn\'t here to hear Greenspan\'s confession. The question must be asked why the Banks would not want regulation as it would have revealed the fact the derivative market had them intertwined. The banks went to the brink not even knowing or understanding the risk they had incurred. From where I come from, they call that stupid. Hopefully, our legislators will learn from this experience. Although with no regulation in site, I doubt they will learn anything baring a collapse of our economy. We were at the brink last year. And I am certain as Brooksley alluded to, we will go there again. God help the American people if that occurs.","pt":"Oct 22, 2009 20:25"},{"nm":"MissLaVonne","rs":"0","ms":" Ms. Born is a heroine to me as a student and if Ayn Rand was here today perhaps she would want to meet Ms. Born, aplogize and say I was wrong just like Greenspan did a year ago. Our country and world need people like Ms. Born willing to get to the details and with truth in hand not be bullied into backing down. I am honestly in shock after watching this program last night and plan to watch it again!","pt":"Oct 22, 2009 15:01"},{"nm":"Marcia Whittington","rs":"0","ms":"The Warning was riveting. As I watched I realized how important PBS is to me. I am not a lawyer, merely one of the proletariat that the "gang of 3" never consider. When I started my own small business 27 yrs. ago I assumed that the risk was on my shoulders. Summers was drubbed out of Harvard because of his attitude toward women. And now he is advising Obama. Maybe it takes one to know one. Bring Brooksley back, guys.","pt":"Oct 22, 2009 11:38"},{"nm":"Per Kurowski","rs":"0","ms":"I commend in all ways and forms what Brooksley Born tried to do. But, to honor that same spirit, we have to be clear on that the current crisis did not originate from derivatives but from investments in securities backed with subprime mortgages and wrongly rated AAA.\n\nIn fact had the regulators not regulated to the extent of creating that arbitrary difference between a “AAA rated low risk” requiring only 1.6 percent in bank equity while forcing a normal “high risk unrated entrepreneur to cover for the cost of an 8 percent capital requirement, we might well have been on our way to another crisis, but we would have avoided the current one.\n \n","pt":"Oct 22, 2009 07:38"},{"nm":"Montclair S. Moody","rs":"0","ms":"Dear Friends,\nEveryone who watched this film should contact thier respective Government Leaders and demand the removal of Geithier and Somers, and not quit contacting the leaders until regulations are put in place to prevent this from ever happening again, If WE don\'t, then WE are just as guilty as the people who allowed this to happen in the first place. The greatest documentary I\'ve have seen in a very long time. Ms. Born should recieve a Congressional Medal of Community Service for her work in Congress, and a foraml public apology from the past and present administration. Please re-air this program until everyone has seen it in this country. ","pt":"Oct 22, 2009 06:19"},{"nm":"Reena Pearson","rs":"0","ms":"I just finished watching "The Warning" on PBS. I have been an accountant and CPA for 20 years and am currently a law student and have never heard of Brooksley Born. She was obviously a woman ahead of her time. And as usual, this strong, intelligent woman, who could foresee the upcoming financial debacle due to the unregulated derivates market and tried to inform the powers that be was cast aside and told that she didn\'t know what she was talking about.\n\nHistory has proven all of those "financial geniuses" wrong and Brooksley Born right. As one person above mentioned, it is truly a disgrace that Obama has chosen as his financial advisors the very ones that were lobbying against Ms. Born. Apparently, Mr. Obama didn\'t get the memo about who the key decision makers regarding the derivatives market were. He should have chosen Ms. Born and her team instead.\n\nI think it is very telling that Obama\'s advisors have now "changed their thinking" regarding regulation of derivatives and now think it\'s a good idea. Has everyone forgotten about Ms. Born? Where do they think the idea came from? And why hasn\'t anyone apologized to her and told her that she was right all along? I know she is too humble to say "I told you so" but if anyone has a right to say it, she does.\n\nAs a female financial professional and as a law student, I am in awe of Brooksley Born and will continue to follow her career and hope that she is given a chance to show the world what she is made of. I agree with everyone else and think she should write a book about this whole debacle from her perspective. It\'s high time we heard from someone who actually knows what they are talking about!","pt":"Oct 22, 2009 03:15"},{"nm":"Peter Ayers","rs":"0","ms":"My former wife called me and told me to watch THE WARNING. The program was eye-opening, revealing and very scary. It is unfortunate that the powerful elite can dominate the entire society and discredit someone who is honest, caring and correct. Most people are persuaded by "authority" figures and subordinate their common sense and better judgment to them. The crowning moment of the program was Alan Greenspan admitting that his entire perseption was just plain wrong. When our financial future is in the hands of Geithner, Summers and other members of the Wall Street Gang, we better learn to survive in a skewed economy that caters to the rich and powerful.","pt":"Oct 21, 2009 23:14"},{"nm":"John Griffin","rs":"0","ms":"The reason Obama has surrounded himself with these advisors is that Wall Street owns him along with most of the U.S. Congress. How can our government allow these derivatives without any backing or reserves?","pt":"Oct 21, 2009 21:00"},{"nm":"Kathi","rs":"0","ms":"Ms. Bourne should be commended for her extreme professionalism, character and steadfastness. She is someone I would be honored to know. I also agree with several of those folks sharing their thougnts about Obama surrounding himself with the same bunch who helped allow this mess to happen. It is appalling, as is the direction I fear the country is heading. ","pt":"Oct 21, 2009 20:40"},{"nm":"richard kumler ","rs":"0","ms":"It is beyond belief these people are still in power... they have no shame...or care for what they do to their fellow citizens. ","pt":"Oct 21, 2009 20:08"},{"nm":"sara williams","rs":"0","ms":"Alan Greenspan is an insult to Ayn Rand. Either he never understood Ayn Rand\'s message, or was attempting to distract from it. The message is about THE FIX, of which Greenspan, Rubin, Geithner, and all these guys are the epitome!","pt":"Oct 21, 2009 19:16"},{"nm":"Johnnie Darnell","rs":"0","ms":"Congratulations to Frontline on a riveting program..."Warning" in exposing the anatomy of the derivatives market, it\'s a sad commentary to realize the powers to be response is to "shoot-the-messenger" when the status quo, business as usual establishment is challenged or feels threatened, all the best to (Atty\'s. Born and Bair) the true patriots.///","pt":"Oct 21, 2009 18:52"},{"nm":"Kenneth Egan","rs":"0","ms":"Great show, and an intelligent woman. The answers to the financial issues, from mortgages/housing through the overall economy, need to be stated, and those of us that agree with these changes need to put pressure on individuals in power. All the past overseers have been asleep at the wheel, and now we let the FHA, for instance, go back to lending people with practically no money down. Politicians think resolving the housing problem can be done with extending the $8,000 credit, but they are so wrong. Reid, Frank, and Dodd will all be retired comfortably when America really goes to hell in a handbag. Read my lips...until WAGES increase(and by that I mean after-tax wages), we will never see housing prices rise.","pt":"Oct 21, 2009 17:26"},{"nm":"Jerry Parker ","rs":"0","ms":"Rubin, Greenspan, and Summers do not believe that markets can be regulated effectively. So they conspire to force out the one individual who might have regulated the market to prevent its collapse. And now they and their old boy cohorts can spout their inanities that regulation can\'t work! Brilliant, guys! ","pt":"Oct 21, 2009 17:14"},{"nm":"brobush","rs":"0","ms":"Two things are stunning 1)Ms.Born\'s insight into the complexity of derivatives and the danger they posed if not regulated,and 2)the incredible arrogance of Greenspan believing the Wall Street mobsters would "do good and avoid evil" His admission to Congress that he was wrong is disingenuous at best If he had any integrity he would apologize to Ms. Born.","pt":"Oct 21, 2009 17:02"},{"nm":"Mike Manner","rs":"0","ms":" First rate presentation Frontline. Greed obliterates good sense - it is blinding, people loose their perspective on what\'s real (as stated by A. Greenspan in the piece). Down the slippery slope - leaves the door wide open for the new players like China, India. ","pt":"Oct 21, 2009 14:00"},{"nm":"citizen","rs":"0","ms":"Democracy cannot exists in a chaotic environment. I have never seen so many people hurting as a result of the \'Bernie Madoff\' culture of GREED. I happen to think that the culture of greed is the politics of the real people in power in our country. Maybe that is why the same people are in Pres. Obama\'s administration.","pt":"Oct 21, 2009 13:52"},{"nm":"Peter von Geusau","rs":"0","ms":"If we continue to ignore people like Ms.Born then we\'ll get what we deserve and it won\'t be pretty. I just do not understand why supposedly smart people in Government don\'t listen - it simply bewilders me!","pt":"Oct 21, 2009 13:46"},{"nm":"Laurie Calhoun","rs":"0","ms":"This was an outstanding program. I admire Brooksley Born and hope that she will write a book with her side of the story and her recommendations to prevent a future economic debacle. She deserves our attention.","pt":"Oct 21, 2009 12:16"},{"nm":"Jill-IN","rs":"0","ms":"I was riveted to the program and what an eye opener. I think every adult, college student, and high school student in the U.S. should see this program so they will understand why there needs to be regulation. It explains so much and our instincts were right - we were being lied to and bilked by the very men Congress and the Government adored. We all should say NEVER AGAIN or as Brooksley Born warns it will happen again, and again.","pt":"Oct 21, 2009 10:59"},{"nm":"Martha Haynie","rs":"0","ms":"I am so glad I heard about this story on NPR and stayed up to watch last night. I had never heard of Brooksley Born, and I have been involved in government finance for more than 20 years. \nI have a new hero. I am going to find out more.\nThanks for introducing Born to a wider audience.","pt":"Oct 21, 2009 10:42"},{"nm":"Cheryl Frashure","rs":"0","ms":"I am encouraged to see so many supportive comments made about Brooksley Burns by men who have responded. As a baby boomer, I have watched the struggles that intelligent women such as Ms. Burns have had in being heard and recognized. Thank you, Frontline, for bringing this injustice to light. If the government had listened to her instead of making Greenspan into a financial demi-god, we might not have had to bailout so many crooked and wasteful corporations/banks. Unfortunately, it is not our government officials who suffer for their mistakes--its is we the people, who deal with the lost jobs, foreclosures and poverty. Let us hope and pray that the House Panel on OTC Derivatives regulation legislation gets it right! We need more people like Brooksley Burns willing to fight to protect our economy!","pt":"Oct 21, 2009 10:39"},{"nm":"Bob Gary ","rs":"0","ms":"How is it that people like a Geithner and Summers are still in charge and \na Born and Bair have been retired or pretty much forced to the sidelines. \nSee Michael Moore film depiction of same in his new, "Capitalism-A Love\nStory."","pt":"Oct 21, 2009 10:12"},{"nm":"John Casey","rs":"0","ms":"Is Obama as smart as some think? Why has he surrounded himself with the main financial culprits... Why has he Balkinized the people who had it right then and now... Brooksly Born and Shelia Bair... This man\'s world view of finance has got to stop... What is the point of it...Where has it got us... This is not a time for Same old Same old... These women should have major possitions of athority over Economic policy... The good old boys who got it wrong (Summers, Geitner and Bernake... see \http://www.infowars.com/why-the-chinese-laughed-at-geithner/#\<\/a\> ... Laurence Summers is simply a notorious intellectually arrogant misogynist thug) should be elbaized ASAP..","pt":"Oct 21, 2009 07:58"},{"nm":"Jimmy Duckworth","rs":"0","ms":"This great lady should write a book. If she writes it, I will travel from New Orleans to get her to autograph it. I am not kidding.\nJimmy Duckworth","pt":"Oct 21, 2009 07:27"},{"nm":"Theodore Kisiel","rs":"0","ms":"PBS\'s "The Warning" was a most impressive program and BB a most impressive and insightful woman. The issue now is how to implement her and others\' insights in order to provide some measure of oversight and checks of this complexity of esoteric trading instruments in a high-velocity globalized market. What are e.g. the current views of BB\'s former opponents who are now in position to act and enact upon this complexity of problems, like Sommers and Geithner? I\'d like to hear their take on tonight\'s airing in,say, a follow-up program. ","pt":"Oct 21, 2009 02:01"},{"nm":"Joshua Bentley","rs":"0","ms":"One day we are going to wish that we listen to women like Shelia Blair and Brooksley Born.","pt":"Oct 21, 2009 01:07"},{"nm":"mubin amin","rs":"0","ms":"Sir/Madam: This story is damming testament to how the powers in house reward true patrons.We the populance have gone to sleep while appointees guide and direct our cultural purpose and material bottom line. A trustee such as Miss. Brooksley should have been first choise to any finance or advisory panel installed by this administration in it\'s efforts to restore the finance market\'s brake down.We are historicly\n slow to admit the need to upgrade or calibrate the way we handle our social,financial,political responsibilities.As Miss Brooksley decried, we need fair,inclusive and represenative government in our market places.As was said in the film strip, we will continue to have such brake downs untill we get it right. ","pt":"Oct 21, 2009 01:07"},{"nm":"Joe Garza","rs":"0","ms":"Cheers for Brooksley!\n\nUnfortunately she wasn\'t listened to during her time. I\'m listening now. Infact I contacted my members of Congress earlier today to advocate for real regulation paramount to that which existed before the 1980s.\nLinear algebra and legalaze can dress up these risky bets placed on Wall Street but they\'re wholely irresponsible and should be regulated in the future.\nIt REALLY troubles me that OBAMA is surrounding himself with the same crew who helped allow the mess in the first place.","pt":"Oct 21, 2009 00:31"},{"nm":"Drew Ellis","rs":"0","ms":"I watched THE WARNING and I found it to be a very interesting program.","pt":"Oct 20, 2009 22:38"}]}); });