Reply #10: knr - and some of the people who were ... [View All]

"duped" are now part of this administration.

The Woman Greenspan, Rubin & Summers Silenced
http://www.thenation.com/blogs/edcut/370925/the_woman_greenspan_rubin_summers_silenced


http://en.wikipedia.org/wiki/Brooksley_Born

"Brooksley E. Born is an American attorney and former public official who, from August 26, 1996 to June 1, 1999, was chairperson of the Commodity Futures Trading Commission (CFTC), the federal agency which oversees the futures and commodity options markets. During her tenure on the CFTC, Born lobbied Congress and the President to give the CFTC oversight of off-exchange markets for derivatives in addition to its role with respect to exchange-traded derivatives,<3> but her warnings were opposed by other regulators.<4>...."


FRONTLINE Presents - The Warning
http://www.pbs.org/wgbh/pages/frontline/warning/

“I walk into Brooksley’s office one day; the blood has drained from her face,” says Michael Greenberger, a former top official at the CFTC who worked closely with Born. “She’s hanging up the telephone; she says to me: ‘That was Larry Summers. He says, “You’re going to cause the worst financial crisis since the end of World War II.”… 13 bankers in his office who informed him of this. Stop, right away. No more.’”


http://www.whitehouse.gov/administration/eop/nec/director

"National Economic Council Director: Lawrence H. Summers
Director of the National Economic Council and Assistant to the President for Economic Policy
Lawrence H. Summers is the Director of the National Economic Council and was appointed by President Barack H. Obama on November 24, 2008..."