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

From controversial new textbooks to a Maverick family reunion, here are stories from Jeremy Hobson's week in Houston and San Antonio.

Robin and Jeremy

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

July 1 5 Comments

What It’s Like To Lead A Non-Hierarchical Workplace

Terri Kelly is one of few people with a title at W. L. Gore – the maker of Gore-Tex – and she says she really doesn't like having one.

July 1 3 Comments

Joy Williams’ New American Songbook

The singer-songwriter and four-time Grammy winner joins us with a playlist of what she considers quintessentially American music.

June 30 6 Comments

With Pluto On Its Horizon, NASA Spacecraft Nears Target

"We haven't done anything like this since Voyager in the 1980s, and nothing like it is planned to ever happen again."

June 30 44 Comments

Chorus Helps Trans Men And Women Find Their Voice

The all-trans chorus was founded to help people learn to use their changing voices in a safe space.