Frontline's latest--"The Warning," about Brooksley Born, Alan Greenspan, and the anti-regulatory ideology that helped put us where we are--is required, morally imperative viewing.
One revealing/disturbing highlight: "Greenspan didn't believe that fraud was something that needed to be enforced." No. We aren't making that up.
We recommend that you watch it at your earliest opportunity.
UPDATE: The bit about Greenspan's bizarro reluctance to discourage/discover/punish fraud is a real jaw-dropper. But the most affecting segment of "The Warning" is former SEC Chair Arthur Levitt's acknowledgment that Brooksley Born was good and right. Here are Levitt's words, roughly 48 minutes into the show:
"I've come to know her as one of the most capable, dedicated, intelligent, and committed public servants I've ever come to know. I wish I knew her better in Washington. I could have done much better. I could have made a difference."
Those words mean a lot, but the genuine emotion--the pain--underlying Levitt's statement can only be sensed by watching him. It's as if he becomes, in those few seconds, the personification of so much national regret. Amazing stuff.
