TXduckdog
10-21-2009, 08:30 AM
I'm starting to be a big fan of this program. Not afraid to tackle difficult issues and their reporting seems to be very objective.
Last weeks "Obama's War" was very good. Their series on the economy and financial meltdown has been excellant.
Last nights 'The Warning' was exceptional. Unequivocally putting the blame for the derivatives debacle on Greenspan and Rubin's not just outright refusal to accept regulation but their strident attack on the agency and it's director...this was the Clinton era, so politics of personal destruction were in full bloom....that had oversight authority of this market.
The sad conclusion is that they were successful in yanking that oversight authority from that agency and to this day THERE IS NO OVERSIGHT WHATSOEVER OF THIS MARKET AND IT CONTINUES TO THE PRESENT.
To be objective...they had a lot of Republican help in doing this.....Phil Gramm for one.
An "aha" moment came to me when they discussed the Rubin's staff at Treasury and the WH during this time....ever hear of Timothy Geitner and Larry Summers?
This is a must see program and is available to view on-line as are all their excellant programs at:
http://www.pbs.org/wgbh/pages/frontline/view/
Last weeks "Obama's War" was very good. Their series on the economy and financial meltdown has been excellant.
Last nights 'The Warning' was exceptional. Unequivocally putting the blame for the derivatives debacle on Greenspan and Rubin's not just outright refusal to accept regulation but their strident attack on the agency and it's director...this was the Clinton era, so politics of personal destruction were in full bloom....that had oversight authority of this market.
The sad conclusion is that they were successful in yanking that oversight authority from that agency and to this day THERE IS NO OVERSIGHT WHATSOEVER OF THIS MARKET AND IT CONTINUES TO THE PRESENT.
To be objective...they had a lot of Republican help in doing this.....Phil Gramm for one.
An "aha" moment came to me when they discussed the Rubin's staff at Treasury and the WH during this time....ever hear of Timothy Geitner and Larry Summers?
This is a must see program and is available to view on-line as are all their excellant programs at:
http://www.pbs.org/wgbh/pages/frontline/view/