Katherine Spillar: Will We Ignore Brooksley Born AGAIN?
Eleven years ago, U.S. economic leaders should have listened to Brooksley Born.
Then head of the Commodity Futures Trading Commission (CFTC), Born was concerned about new and unregulated futures markets. They were growing at tremendous rates, yet their risks were not fully understood. She was especially wary of the lack of transparency in trading over-the-counter private "derivatives," so she… » Full Story on Huffington Post
Then head of the Commodity Futures Trading Commission (CFTC), Born was concerned about new and unregulated futures markets. They were growing at tremendous rates, yet their risks were not fully understood. She was especially wary of the lack of transparency in trading over-the-counter private "derivatives," so she… » Full Story on Huffington Post
