FRONTLINE | "The Warning": Sneak Peek 1 | PBS

http://www.pbs.org/frontline/warning/ In this clip from "The Warning," airing Tues, Oct. 20, FRONTLINE traces back to the Clinton Administration and the pro-business, anti-regulation powerbrokers Robert Rubin, Larry Summers, and the man referred to as "The Wizard," Chairman of the Federal Reserve Alan Greenspan.

In the devastating aftermath of the economic meltdown, FRONTLINE sifts the ashes for clues about why it happened and examines critical moments when it might have gone much differently. Looking back into the 1990s, veteran FRONTLINE producer/director Michael Kirk ("Inside the Meltdown," "Breaking the Bank") discovers early warnings of the crash, reveals an intense battle among high-ranking members of the Clinton administration and uncovers a concerted effort not to regulate the emerging, highly complex and lucrative derivatives markets that would become the ticking time bomb within the American economy.

Watch "The Warning" on air and online beginning Tuesday, October 20 on PBS (check local listings) and at http://www.pbs.org/frontline/warning/

Category:

News & Politics

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• frontline
• economy
• financial
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• alan
• greenspan
• brooksley
• born
• documentary
• banking
• derivatives

[voyeurdug]

Greenspan being an Ayn Rand fan is scary all by itself.

[pocoharum]

Frontline, the great equalizer.

[surf2liv]

What a fluff piece..Tough talking Summers, a Harvard economist, with that gritty look..what a fraud it all is..in 10 secs i could solve the market/economy..limit Capital ratios to 2:1 instead of 50:1 or 500:1..Wallstreet would be limited to the damage it could do..

We need to overthrow these punkass Ivy League Economists..

[torr5962]

@exenrontexas NO.  The crimes of Enron were caused by Enron. At some point, moral ethics need to be enforced within a corporate culture.

[tlfettled]

Rand developed an integrated philosophical system called "Objectivism." Its essence is "the concept of man as a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute."[92] Objectivism has been described pejoratively as "pseudophilosophy".[93]

[JonP1961]

@pocoharum

Indeed.

Months of research == Frontline == Investigative Journalism

Minutes of research == Fox == News

[exenrontexas]

Reaganomics and DEregulation is at the ROOT CAUSE of America's economic crisis. Ayn Rand's ideas ONLY work in FICTION. Free markets promote CHAOS and SUFFERING and CRIMINAL activity. I know, I worked at ENRON. The crimes of ENRON were caused by Ronald Reagan.

[azothdaco]

Obama is continuing the Clinton Bush kabuki theater. Thirty years of supply side economics is enough...

[SupernautG]

@lucki39284 Clinton governed as a Republican on the economic side so his policies were Republican like when it came to deregulation. The unregulated free market advocates refuse to admit their ideology is a failure like the Communists refused to admit their system did not work. When faced with evidence of failure the commies blamed the USSR was not orthodox Marxist or not communist enough just like the unregulated free market cadres are claiming they should have had more deregulation, etc.

[trnqlChaos]

@louiethegreater No, the failures you see around you are the result of over taxation and over regulation in the market, not the market itself. The irony is, people like you blame open-market principles and call for more regulation, further strangling the economy. Economic praxeology is a tricky thing, but saying free trade does not work is like saying gravity is a myth.

[trnqlChaos]

@louiethegreater No, the failures you see around you are the result of over taxation and over regulation in the market, not the market itself. The irony is, people like you blame open-market principles and call for more regulation, further strangling the economy. Economic praxeology is a tricky thing, but saying "free trade does not work" is like saying gravity is a myth.

[louiethegreater]

Look around deindustrialized america today, this is the result of Greenspan and Rand's Ideology. Laissez-faire, Free Trade does not work.