Watch Brooksley Born, former head of the Commodity Futures Trading Commission, at the Senate hearings of the Financial Crisis Inquiry Commission, as she exposed how the use of newly created securities helped fuel the 2007 bubble that collapsed in the 2008 financial crisis. Afterward, Born told Federal Reserve chair Alan Greenspan “You failed!” at preventing the crash. Greenspan admitted to having had “a failure to fully acknowledge” the dangers of the bubble as it inflated.

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