PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, December 6, 2010

A Look At One Regulator's Failure To Rein In Derivatives

Brooksley Born, appearing on the PBS Frontline episode "The Warning." (K-ideas, Flickr)

Brooksley Born, appearing on the PBS Frontline episode "The Warning." (K-ideas, Flickr)

Twelve years ago, Brooksley Born headed an obscure government agency in the Clinton administration, where she tried to regulate risky financial instruments like derivatives.

Wall Street was able to stand in the way and stop the regulations from going through, and derivatives ended up at the heart of the 2008 financial crisis that almost sank the world economy. We speak to Born’s former colleague, Michael Greenberger, about what lessons can be learned from Born’s work in the ’90s.


Please follow our community rules when engaging in comment discussion on this site.
Spotlight

Peter O’Dowd follows the route of Abraham Lincoln's funeral train 150 years ago, to look at modern-day race relations and Lincoln's legacy.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

May 4 Comment

A Pen-Pal Friendship Changes Two Lives

Caitlin Alifirenka of Pennsylvania and Martin Ganda of Zimbabwe became best friends – and better people – through their exchange.

Ana Sortun: How To Avoid The Biggest Mistakes In The Kitchen

The award-winning chef joins us in the kitchen for a demonstration on how to do it right, from greens to grains.

May 1 Comment

Lincoln History Told Through Tree Rings

At President Abraham Lincoln's funeral in 1865, the oak tree stood just a few feet from the event, shading the funeral choir.

May 1 Comment

Chigozie Obioma Makes A Splash With Debut Novel

"The Fishermen" is earning raves in the literary world and drawing comparisons to the late Chinua Achebe.