The Warning (2009)

October 20, 2009
Frontline: The Warning

In the devastating aftermath of the economic meltdown, FRONTLINE sifts the ashes for clues about why it happened and examines critical moments when it might have gone much differently. Looking back into the 1990s, producer/director Michael Kirk ("Inside the Meltdown," "Breaking the Bank") discovers early warnings of the crash, reveals an intense battle among high-ranking members of the Clinton administration and uncovers a concerted effort not to regulate the emerging, highly complex and lucrative derivatives markets, and at the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multi trillion dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008 which would become the ticking time bomb within the American economy.