What I came away with from watching “The Warning”, is that Greenspan and his Wall Street (and even regulatory) cohorts continually spout laissez faire economic principles, but when the “you know what” hit the fan in 1998, they go all out to convince the Plunge Protection Team that the government needs to bail them out or our economy will collapse.

After the taxpayers quietly save their asses that time, do you think that they would have changed their ways and heeded Brooksley Born’s advice? No way. They continue on the same laissez faire path, eliminating any opposition (Brooksley Born), until this current crisis.

What happens next? The same laissez faire group (now including Paulson) says that without another government bailout our economy will again collapse, and taxpayers are forced to come to the rescue. It’s been over a year now since the crisis started. Has there been any real regulatory enforcement or criminal prosecutions? No.

It doesn’t take a genius to figure out that the purpose of spouting laissez faire economic principles is to prevent any regulatory interference into their corrupt financial schemes.

Any reasonable person would also think that fraud of such magnitude against the American public would constitute immediate prosecution, but these people are still in power and still enjoying their riches at taxpayer expense. Who’s going to prosecute them, the politicians in their pockets? Yeah, right.

This cycle of corruption will continue until our economy actually does collapse and chaos ensues. I don’t know when that will be, but only another American Revolution (similar to the French Revolution) will change things.

FRONTLINE deserves the highest honors for revealing the heroic story of Brooksley Born. It’s a true shame that there aren’t more people like her in power.