The Warning

Read the complete Introduction

“We didn’t truly know the dangers of the market, because it was a dark market,” says Brooksley Born, the head of an obscure federal regulatory agency — the Commodity Futures Trading Commission [CFTC] — who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country’s key economic powerbrokers to take actions that could have helped avert the crisis. “They were totally opposed to it,” Born says. “That puzzled me. What was it that was in this market that had to be hidden?”

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.”

Chapter 1: The Go-Go 90’s

Watch the full episode. See more FRONTLINE.

Chapter 2: Brooksley Born Arrives on the Scene

Watch the full episode. See more FRONTLINE.

Chapter 3: “Get This Lady Off Our Back”

Watch the full episode. See more FRONTLINE.

Chapter 4: The “Earthquake”

Watch the full episode. See more FRONTLINE.

Chapter 5: 1998 – Born’s Warning Becomes a Prophecy

Watch the full episode. See more FRONTLINE.

Chapter 6: Late 2008 – Born’s Nightmare Comes True

Watch the full episode. See more FRONTLINE.

<- BACK TO VIDEOS

Share