Photo from C-SPAN

As the global financial markets unraveled, and words like “derivatives”, “credit default swaps” and “collateralized debt obligations” seeped into America’s lexicon, Brooksley Born stayed quiet.

BY MARJORIE KORN — MEDILL NEWS SERVICE

Last week Alan Greenspan, former Maestro and chairman of the Federal Reserve Board, said his mea culpas for allowing interest rates to stay so low for so long, making lending and borrowing too easy.

Those with a taste for irony got their fill [...]