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There is a lot of buzz about the derivative’s reform legislation in Congress right now. A provision introduced by Senator Blanche Lincoln of Arkansas would force the giant Wall Street banks to give up their lucrative derivative trading businesses. But about 12 years ago, Brooksley Born head of the CFTC at that time trried doing something similar. To see how that unfolded watch this fascinating documentary.

In The Warning, 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.
You can also watch this on PBS’s website at: http://www.pbs.org/wgbh/pages/frontline/warning/view/