The Algorithm That Predicted The 2008 Crash #economiccrash #powerandmoney #darkhistory #shorts
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In 1996 Brooksley Born, chair of the Commodity Futures Trading Commission, formally warned that unregulated derivatives could collapse the global financial system. Alan Greenspan, Robert Rubin, and Larry Summers dismissed her warnings and lobbied Congress to strip her regulatory authority. She resigned in 1999. In 2008 derivatives triggered the largest financial crash since the Great Depression destroying 58 trillion dollars in global wealth. She was right. They were wrong. Nobody remembers her name. #brooksleyborn #2008crash #financialcrisis #facts #didyouknow #mindblowing #untoldhistory #shocking #powerlens #wallstreet #derivatives #economiccrash #powerandmoney #darkhistory #shorts
Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC. First nominated to the Federal Reserve by President Ronald Reagan in August 1987, Greenspan was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position, behind only William McChes...
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