Here are some links on Brooksley E. Born and her attempt to impose greater regulation on derivatives.
‘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.’
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