Frontline: "The Warning" to the financial crisis

Two revealing quotes:
"I was very hopeful that in the aftermath of a crisis we could see what had gone wrong and say "let's fix it". But it may be that we are passing that critical moment. And in that case, the necessary reforms will be just much more difficult to come by."
~Joseph Stiglitz, Council of Economic Advisers (1993-1997)

"I think we will have continuing danger from these markets. And we will have repeats of the financial crisis. May differ in details, but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience."
~Brooksley Born, Chair: Commodity Futures Trading Commission (CFTC) (1996-1999)

Watch the full program online at [PBS] or [Ninjavideo].