Brooksley Born | |
|---|---|
 | |
| 7th Chair of Commodity Futures Trading Commission | |
| In office August 26, 1996 – June 1, 1999 | |
| President | Bill Clinton |
| Preceded by | Mary Schapiro |
| Succeeded by | David D Spears |
| Personal details | |
| Born | Brooksley Elizabeth Born August 27, 1940 San Francisco, California, U.S. |
| Political party | Democratic |
| Spouse(s) | Jack Landau (Divorced) Alexander Bennett |
| Children | 5 |
| Education | Stanford University (BA, JD) |
Brooksley Elizabeth Born[1] (born August 27, 1940)[1] is an American attorney and former public official who, from August 26, 1996, to June 1, 1999, was chair of the Commodity Futures Trading Commission (CFTC), the federal agency which oversees the U.S. futures and commodity options markets.[2] During her tenure on the CFTC, Born lobbied Congress and the President to give the CFTC oversight of off-exchange markets for derivatives, in addition to its role with respect to exchange-traded derivatives,[3] but her warnings were ignored or dismissed, and her calls for reform resisted by other regulators.[4] Born resigned as chairperson on June 1, 1999, shortly after Congress passed legislation prohibiting her agency from regulating derivatives.[5][6]
In 2009, Born received the John F. Kennedy Profiles in Courage Award, along with Sheila Bair of the Federal Deposit Insurance Corporation, in recognition of the "political courage she demonstrated in sounding early warnings about conditions that contributed" to the 2007–2008 financial crisis.
- ^ a b California Births, 1905 - 1995, Brooksley Elizabeth Born
- ^ Brooksley E. Born Sworn In As CFTC Chairperson, CFTC.gov, August 26, 1996
- ^ "Concept Release Concerning Over-The-Counter Derivatives market", CFTC Release #4142-98, May 7, 1998.
- ^ Goodman, Peter S. The Reckoning - Taking Hard New Look at a Greenspan Legacy, The New York Times, October 9, 2008.
- ^ Cite error: The named reference
warning-transwas invoked but never defined (see the help page). - ^ Hirsh, Michael (December 13, 2010). Capital Offense: How Washington's Wise Men Turned America's Future Over to Wall Street. John Wiley & Sons. pp. 352 pages. ISBN 978-0470520673. Retrieved February 20, 2013.