Facts (3)
Data Freshness
Fresh
Last update: 8d ago · Avg age: 4012d
Confidence Tiers:
Primary Source — cross-referenced government/corporate filings
Pending Review — sourced but not independently verified
AI Inference — analytical hypothesis from cross-referencing
Documented Records (3)
Sourced from government databases, press reports, and corporate filings. Not yet independently verified.
Primary Source
Born resigned as CFTC chairperson on June 1, 1999, shortly after Congress passed legislation prohibiting her agency from regulating derivatives
Primary Source
Born warned in 1997 congressional testimony that unregulated derivatives trading could 'threaten our regulated markets or, indeed, our economy without any federal agency knowing about it'
Primary Source
Brooksley Born issued CFTC concept release on derivatives regulation on May 7, 1998
All Connections (4)
opposition
confirmed
CFTC Chair's derivatives regulation efforts opposed by Treasury-Fed-SEC alliance
suppression
primary
Rubin told Born the CFTC had no jurisdiction over derivatives, issued joint statements to stop her proposals, and recommended legislation to strip the CFTC of authority. POGO meeting notes show Rubin acknowledged the 'financial community' was 'petrified' but chose Wall Street's interests over Born's warnings.
policy_opposition
confirmed
Rubin opposed Born's derivatives regulation proposals
subordinate
confirmed
Director of Division of Trading and Markets under Born, helped draft concept release
Sources (3)
Goblin House