In the following video, PBS's FRONTLINE takes a look at how the CFTC tried to regulate the derivatives markets back in the fall of 2008. The then head of the CTFC, Brooksley Born, faced pressure from then Fed Chairman Alan Greenspan, Treasury Secretary Robert Rubin and former SEC Chairman Arthur Levitt to stop trying to regulate the derivatives industry. This is the first time that Born speaks out about the opposition she faced from The Fed, Congress and the Clinton Administration. And she warns it will undoubtedly happen again, unless regulations change.

PBS's FRONTLINE takes a look at how the CFTC tried to regulate the derivatives markets back in the fall of 2008.