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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: John Koligman who wrote (10720)10/26/2009 3:29:40 PM
From: John Koligman  Read Replies (3) | Respond to of 42652
 
Harry Reid is giving a news conference right now and from what I can gather so far is stating there will be a public option in the Senate bill...

Addendum: With states having the right to 'opt out' of the public option.



To: John Koligman who wrote (10720)10/26/2009 3:37:38 PM
From: Mary Cluney  Respond to of 42652
 
<<<The Frontline documentary last week about how he, Rubin, and Summers 'throttled' Brooksley Born when she wanted to more closely regulate derivatives before they blew up is right in line with his 'thinking'... >>>

From PBS:

“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, airing Tuesday, Oct. 20, 2009, at 9 P.M. ET on PBS, 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.

Born’s story is well-known, but it will be interesting to hear her tell it in her own words. If you can’t catch the show on PBS, it will be available online as well.