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Brooksley Born
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Has Achieved Nirvana
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When Lehman Brothers filed for bankruptcy in the fall of 2008, jolting an already ailing global economy into near-freefall, the whole world was in shock. But one woman could legitimately have claimed she saw it coming.

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. It's also, more broadly, an account of how systemic bias and prejudice created the conditions for a dangerous breed of groupthink to thrive with ultimately disastrous consequences. Understanding what went wrong back then can teach us an important lesson about managing risks in the future: Every voice in the room is worth hearing, even if — and perhaps especially if — the message is inconvenient.


https://www.businessinsider.co...street-sexism-2024-3


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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

 
Posts: 38221 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
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Rick Zimmer could give a master class on this general topic. I do miss his posts.

Yes, I remember her name, the basic narrative, but not many of the details.

Thanks, wtg.
 
Posts: 25320 | Registered: 31 March 2007Reply With QuoteReport This Post
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You know who else predicted the Great Recession pretty much to the day?

Bongwater Q. Liberalstein! ThumbsUp


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Life is short. Play with your dog.

 
Posts: 35084 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
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What gets me about the Great Recession is that so many people pretend it never happened.

Or they aren't old enough to remember it and seem blissfully unaware of the fact it happened.

Um, "Great" isn't part of its name for nothing.
 
Posts: 25320 | Registered: 31 March 2007Reply With QuoteReport This Post
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Originally posted by Steve Miller:
You know who else predicted the Great Recession pretty much to the day?

Bongwater Q. Liberalstein! ThumbsUp


Who was Bongwater and where is he now?


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Several people have eaten my cooking and survived.

 
Posts: 25850 | Location: Still living at 9000 feet in the High Rockies of Colorado | Registered: 20 April 2005Reply With QuoteReport This Post
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A piano tech with strong liberal leanings who wanted to keep his identity private as a lot of his customers were conservative. Retired now, and living near the beach in Northern San Diego County.

Nice guy. He bought my piano and as far as I know he still has it.


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Life is short. Play with your dog.

 
Posts: 35084 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
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Thanks, Bongwater could be entertaining.


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Several people have eaten my cooking and survived.

 
Posts: 25850 | Location: Still living at 9000 feet in the High Rockies of Colorado | Registered: 20 April 2005Reply With QuoteReport This Post
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