Discover and read the best of Twitter Threads about #brooksleyborn
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A brief 🧵 on why @LHSummers is an arrogant buffoon who, despite a long track record of being massively wrong, still seems to command the respect of policymakers
We can start with #BrooksleyBorn, the prescient head of the @CFTC, who loudly warned of the dangers of the over-the-counter (OTC) #Derivatives market in the 90s: en.wikipedia.org/wiki/Brooksley…
The powerful cabal of @LHSummers, #RobertRubin, and #AlanGreenspan pushed hard against the regulation of derivatives, paving the way for massive financial and human carnage of the #GreatFinancialCrisis pbs.org/wgbh/pages/fro…
