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.
Robin and Jeremy

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

September 1 12 Comments

Favorite Son Hopes To Revive Michigan Football

The story of what's happened at Michigan over the last decade plays out in a new book by John Bacon.

September 1 3 Comments

Living With ALS In The Ice Bucket Age

Corey Reich was diagnosed with Lou Gehrig's disease in 2007 when he was 21. Now 29, he continues to do well.

August 31 Comment

Adapting ‘The Boys In The Boat’ For Young Adult Readers

Daniel James Brown decided to adapt his book after an increasing number of young people told him they loved the story.

August 28 Comment

DJ Session: The Music Of New Orleans, 10 Years After Katrina

Nick Spitzer talks about the music that has resonated in the city since the storm, and how the music scene has changed.