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Brooksley Born
Brooksley E. Born (born August 27, 1940) is an American attorney and former public official who, from August 26, 1996, to June 1, 1999, was chairperson of the Commodity Futures Trading Commission (CFTC), the federal agency which oversees the futures and commodity options markets. 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,〔("Concept Release Concerning Over-The-Counter Derivatives market" ), CFTC Release #4142-98, May 7, 1998.〕 but her warnings were ignored or dismissed, and her calls for reform resisted by other regulators.〔Goodman, Peter S. (The Reckoning - Taking Hard New Look at a Greenspan Legacy )'', New York Times, October 9, 2008.〕 Born resigned as chairperson on June 1, 1999, shortly after Congress passed legislation prohibiting her agency from regulating derivatives.〔
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 current global financial crisis".
==Early life and education==
Born graduated from Abraham Lincoln High School (San Francisco, California) at the age of 16. She then attended Stanford University, where she majored in English and was graduated with the class of 1961. She initially wanted to become a doctor, but a guidance counsellor at Stanford advised her against medicine, so she majored in English literature instead.〔Groom, Sean. (Legends in the Law: Brooksley Born ), Washington Lawyer, 2003. 〕
She then attended Stanford Law School, one of only seven women in her class. She was the first female student ever to be named president of the Stanford Law Review.〔 She received the "Outstanding Senior" award and graduated as valedictorian of the class of 1964.
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