Ex-CFTC Chair Warns Against Derivatives Risks

02 Dec 2009

Brooksley Born, chair of the Commodity Futures Trading Commission during the Clinton administration, said the over-the-counter derivative market has become “extremely dangerous” and needs to be regulated.

Brooksley Born, chair of the Commodity Futures Trading Commission during the Clinton administration, said the over-the-counter derivative market has become “extremely dangerous” and needs to be regulated. In testimony before the Congressional Joint Economic Committee, her first since leaving the CFTC, Born said that lack of regulation poses ...

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