between celebrity & notoriety, truth & fiction–especially in this town! A while back, the local news was filled with stories about a rash of audacious burglaries that targeted the homes of young celebs. It turns out that the alleged perps are a bunch of club-hopping kids from an affluent suburb so caught up in the Hollywood “culture” they are said to have committed the break-ins ($3-million worth in mainly clothes & jewelry, some artwork, plus a gun)–to get designer duds (re: lifestyle) that belonged to the “anointed-ones.” Allegedly one of the so-called Bling Ring, Alexis Neiers, 18, is a dark beauty who had already been signed, at the time of her arrest, to an E! reality show called Pretty Wild, which debuts next month. The leggy teen now has a Vanity Fair story, a mouthpiece, and future court dates.
She is not a well known name, but in the late 90s this brilliant high-octane attorney & women’s rights advocate was the head of a small govt. agency that oversaw the derivatives market. Brooksley Born soon learned what she was supposed to oversee was an extraordinary, newly deregulated “dark market,” as inscrutable & protected as an organized crime cartel! Hidden like landmines, gambling in derivatives eventually ballooned internationally to an incomprehensible figure of $529 TRILLION!!! Do I need to say that number again??? For perspective:they are now haggling in DC over less than a trillion, in a 10-yr period, to fix the entire health care system!!! & I naively wondered, before the crash, how their were suddenly thousands of billionaires.
Like James Brown, but for different reasons, Ms. Born began waking up in a “in a cold sweat.” Testifying before four gov’t committees, she warned the pols &Fed Big Boys (Alan Greenspan, Robert Rubin, Larry Summers, underling Tim Geithner; titans of Wall Street & their partners in crime: lobbyists & Beltway pals) that the situation was beyond dire & could bring down the entire global financial system. This was eleven years ago. You will see it all on this extraordinary show from PBS’s Frontline: THE WARNING.
PLS WATCH…THIS IS CRITICAL since Obama has yet to reinstitute the regulations that were put into effect during the early days FDR’s presidency, more than 75 years ago. Designed to prevent this type of endgame, the laws worked! Experts say it can happen again, if action isn’t taken!!!