May 20, 2017

Brooksley Born on the role of OTC derivatives in the credit bubble

It was my worst nightmare coming true. Nobody really knew what was going on in the market.  The toxic assets of many of our biggest banks are OTC derivatives and caused the economic downturn that made us lose our savings, lose our jobs, lose our homes.  It was very frightening.

~ Brooksley Born, October 20, 2009

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