Couple of great Frontline docs on deregulation

[Muldfeld]

This one ("The Warning") is about how Treasury Secy Robert Rubin, Fed Chairman Greenspan and others sidelined this woman who warned against derivatives as destabilizing. Fascinating!
FRONTLINE: the warning: watch the full program online | PBS


This one ("The Cards Game") is about how credit cards were deliberately offered to those who couldn't pay their fees on time, so they could profit off them.

FRONTLINE: the card game: watch the full program | PBS

 

[purpleoscar]

Looks interesting. Will watch when I get the time.

 

[Muldfeld]

Looks interesting. Will watch when I get the time.

Cool.

Here's a deleted scene from the credit card doc about how the military was afraid that its officers could be compromised by the enemy or be distracted by stress by getting into debt so they banned their access to payday lenders and then provided them loans on generous terms. Wonderful stuff.
http://www.pbs.org/wgbh/pages/frontline/creditcards/themes/military.html