WHO IS BROOKSLEY E. BORN ?

Well, she was the chair of the Commodities Futures Trading Commission 1996-99, who called for greater regulation of the derivative market. As you might have guessed, Alan Greenspan (Fed Reserve Chairman), Robert Rubin and his deputy Lawrence Summers (Department of Treasury) opposed any regulation of this ‘dark market’.

Here are some links on Brooksley E. Born and her attempt to impose greater regulation on derivatives.
http://en.wikipedia.org/wiki/Brooksley_E._Born
http://www.opednews.com/maxwrite/diarypage.php?did=10029
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/14/AR2008101403343_pf.html
http://www.nytimes.com/2008/10/09/business/economy/09greenspan.html?_r=1&pagewanted=all
http://www.global-sisterhood-network.org/content/view/2205/59/

‘In 1997, Brooksley Born warned in congressional testimony that unregulated trading in derivatives could "threaten our regulated markets or, indeed, our economy without any federal agency knowing about it." Born called for greater transparency -- disclosure of trades and reserves as a buffer against losses. Instead of heeding this oracle's warnings, Greenspan, Rubin & Summers rushed to silence her.’
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4221335&mesg_id=4221335

According to Wikipedia, she has declined to comment on the unfolding crisis.

I couldn't find any recent comments, so I guess she's not talking!!!!!

TOO LITTLE TOO LATE ?http://www.nytimes.com/imagepages/2008/10/09/business/09greenspan.graphix.ready.html