A very good documentary (Frontline/PBS) on the systemic risks of the OTC derivatives market. Given that the moral hazard and associated fraud still exists, and that these markets are as large as ever, it is hard to see how we cannot have some of the biggest crises and bailouts yet to come. As Brooksley Born [...]
Posted: October 22, 2009 by Kevin S. (Financial Sector Bust)
Tags: Brooksley Born, Greenpan, OTC derivatives, Rubin, Summers
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