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But we saved everything 🙂.
Mike Konczal points out that Brooksley Born's early warnings about OTC derivatives were largely centered on credit default swaps, which he describes as closely resembling insurance and posing significant risk of collapse.
Konczal also references the actions of Alan Greenspan and others, noting their efforts to limit Born's authority in this area.
Konczal has previously highlighted economic pressures in the U.S., noting that real wages and incomes are declining as family health care subsidies are reduced. He has also analyzed policy perspectives, examining Kevin Warsh’s Federal Open Market Committee communication and contrasting it with Michael Woodford’s economic thought. These earlier discussions reflect Konczal’s continued focus on financial regulation and policy debate.