Brooksley Born

Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Read More: 2008 Financial Crisis, Derivatives, Financial Reform, Derivatives Reform, Wall Street Reform, Jamie Dimon, Commodity Futures Trading Commission, Brooksley Born, Goldman Sachs, JPMorgan Chase, Financial Crisis, Derivatives Trading, Alan Greenspan, Financial Regulation, Business News
Sanjay Sanghoee

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

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D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

Read More: JP Morgan Chase, Financial Reform, Derivatives, Regulation, Jamie Dimon, Credit Default Swaps, Volcker Rule, Brooksley Born, JPMorgan Chase $2 Billion Loss, JPMorgan Chase, JP Morgan, Credit Derivatives, Wall Street, Banks, Financial Regulation, Business News

To Brooksley Born, JPMorgan Chase's trading blowup looks a lot like the Long-Term Capital Management debacle of 14 years ago. It's "happening all o...

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Shadow Elite: Move Your Money and Beyond -- Reforming Market Culture From the Bottom Up

Annelise Riles | Posted 05.25.2011

Read More: Wall Street, Financial Reform, Shadow Elite, Move Your Money, Financial Crisis, Huffington Move Your Money, Sheila Bair, Big Banks, Brooksley Born, Business News
Annelise Riles

Like efforts by good citizens to clean up a decrepit park frequented by drug dealers, it's time to pick up the trash left by the financial destruction, and challenge each other to clean up our acts.

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The Soviet GOP: There's Something Red About This Whitewash

Rob Warmowski | Posted 05.25.2011

Read More: Wall Street, Financial Crisis Inquiry Commission, New Pecora Commission, The Financial Fix, Fcic, Shadow Banking, Bill Thomas, Business News, Deregulation, Phil Angelides, Brooksley Born, Financial Crisis, Politics News
Rob Warmowski

Some younger readers might need a refresher course in the workings of a thing called the Soviet Union. Republican apologists for Wall Street are doing their best to provide one.

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Shahien Nasiripour

Financial Crisis Panel In Turmoil As Republicans Defect; Plan To Blame Government For Crisis

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Wall Street, New Pecora Commission, Bill Thomas, Financial Crisis Inquiry Commission, Deregulation, Financial Crisis, Shadow Banking, Fcic, Phil Angelides, Brooksley Born, Business News

The four Republicans appointed to the commission investigating the root causes of the financial crisis plan to bypass the bipartisan panel and release...

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Inside Job: Our Business Schools and Our Future

Vivian Norris | Posted 05.25.2011

Read More: Goldman Sachs, Alan Greenspan, Business School, Larry Summers, Lehman Brothers, Cftc, Columbia, Christine Lagarde, Sustainability, Harvard, Robert Rubin, Students, Jpmorgan, Inside Job, Brooksley Born, Women, Economy, Recession, Wall Street, Move-Review, Business News
Vivian Norris

I hope that Inside Job is shown near and on campuses across the country. The signs of hope really lie with future generations questioning those who came before them.

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How Former SEC Chairman Levitt "Ducked" on Financial Regulation (videos)

Iris Mack | Posted 05.25.2011

Read More: Regulatory Bodies, Sec, PBS Frontline's Documentary, Regulatory Policy, Larry Summers, Securities Exchange Commission, Congress, Working Group on Financial Markets, The Warning, OTC Derivatives Market, Brooksley Born, Goldman Sachs, Treasury Secretary Robert Rubin, Chairman Arthur Levitt, Dodd-Frank Financial Legislation, The Street, Financial Crisis, Alan Greenspan, Fed Chairman Alan Greenspan, President Clinton, Financial Regulation, Bob Rubin, Business News
Iris Mack

Congress "ducked" on financial regulation, neglecting to solve the problems that caused the financial crisis, former SEC chairman Arthur Levitt said. ...

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The F Word: Larry Summers: Goodbye To All That

Laura Flanders | Posted 05.25.2011

Read More: F Word, Larry Summers, Hedge Fun, Economics, Banks, Administration, Economy, Obama, Harvard, Grit Tv, Bailout, Feminism, Adviser, The F Word, Wall Street, Brooksley Born, Laura Flanders, Sexism, Grittv, Politics News
Laura Flanders

The Internet was all a-Twitter yesterday when news broke that Larry Summers, director of the National Economic Council, will step down by the end of t...

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Shadow Elite: Elizabeth Warren's Best Credential: Outsider

Linda Keenan | Posted 05.25.2011

Read More: Robert Rubin, Elizabeth Warren, Janine Wedel, Wall Street Crisis, Wall Street, Shadow Elite, Cfpb, Alan Greenspan, 13 Bankers, Lawrence Summers, Brooksley Born, Politics News
Linda Keenan

Questionable behavior became commonplace in innumerable corners of the financial industry over the past 20 years. And at key moments, it was an outsider like Elizabeth Warren who had the common-sense perspective to cry foul.

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Will They Pull a Brooksley Born on Elizabeth Warren?

Kathleen Reardon | Posted 05.25.2011

Read More: Elizabeth Warren, Robert Rubin, President Obama, Predatory Bankers, Consumer Financial Protection Bureau, Arthur Levitt, Timothy Geithner, Alan Greenspan, Brooksley Born, Lawrence Summers, Elizabeth Warren CFPA, Consumer Financial Protection Agency, Elizabeth Warren Appointment, Politics News
Kathleen Reardon

Given Obama's hemming and hawing about appointing Warren, it's not far-fetched to think that history could repeat itself. Another woman trying to break the old guard's economic chokehold could be shown the door.

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Women on the Verge

Robert Kuttner | Posted 05.25.2011

Read More: Elizabeth Warren, Sheila Bair, Paul Volcker, Heather Booth, Brooksley Born, Maria Cantwell, Nancy Pelosi, Politics News
Robert Kuttner

Why is it that so many of the heroic leaders who have pushed the Obama administration to be more steadfastly progressive on financial issues just happen to be female?

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The Obama Old Boys Club -- Does the White House Economic Team Have a Woman Problem?

Amy Siskind | Posted 05.25.2011

Read More: Larry Summers, Warren Buffett, Timothy Geithner, Economy, Brooksley Born, Politics News
Amy Siskind

It's time for President Obama to knock the door off of the boys' club and let the girls into his inner economic circle, especially on economic matters. We can hardly afford to lose another immensely qualified woman.

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The Lying Liars at Goldman Sachs

Zach Carter | Posted 05.25.2011

Read More: Goldman Sachs, David Viniar, Aig, Financial Crisis Inquiry Commission, Fcic, Derivatives, Phil Angelides, Brooksley Born, Business News
Zach Carter

Goldman Sachs sent its second-highest-ranking officer to to tell the FCIC that his company is staffed by complete idiots. David Viniar claimed that his company just doesn't know how to do basic bookkeeping.

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Shadow Elite: Rolling Stone's Hastings - How Outsiders Provide the Indispensable Check & Balance

Janine R. Wedel | Posted 05.25.2011

Read More: Mcchrystal Rolling Stone Interview, Howard Kurtz, Lara Logan, Janine Wedel, Wall Street Crisis, Financial Reform, Derivatives, Shadow Elite, Stanley McChrystal, British Petroleum, Michael Hastings, Frank Rich, Sheila Bair, Brooksley Born, Media News
Janine R. Wedel

Michael Hastings broke the understandings maintained for mutual benefit by the military, reporters who regularly cover it, and perhaps some allied think tanks as well. He did not have special access, he chose to take a risk.

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The Highlights and Lowlights of the Financial Crisis Hearings

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Sachs, William Black, Lehman Brothers, Bill Thomas, Financial Crisis Inquiry Commission, Permanent-Subcommittee-on-Investigations, Richard Fuld, Fannie Mae, Alan Greenspan, Phil Angelides, Slidepollajax, Brooksley Born, Citigroup, Business News

Over the last year and a half, Congressional committees and bipartisan panels like the Financial Crisis Inquiry Comission (FCIC) charged with investig...

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In the Dark: A Good Prosecutor Would've Pinned Greenspan Down

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Pecora Commission, Angelides Commission, Subprime Mortgages, Freddie Mac, Financial Crisis Inquiry Commission, Fcic, Over-the-Counter Derivatives, Financial Reform, Phil Angelides, Fannie Mae, Credit Default Swaps, Heather Murren, Alan Greenspan, Brooksley Born, Politics News
Richard (RJ) Eskow

The American people deserve a prosecutor to get to the bottom of this financial mess. They need someone who will hold the Alan Greenspans of the world accountable.

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Alan Greenspan: As Unrepentant as Ever

Joseph A. Palermo | Posted 05.25.2011

Read More: Aig, Angelides Commission, Alan Greenspan, Phil Angelides, Brooksley Born, Politics News
Joseph A. Palermo

Like George W. Bush's claim that "everyone" got it wrong about the intelligence showing that Iraq had stockpiles of WMD, Alan Greenspan is still trying to convince us that "everyone" got the housing bubble wrong too.

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Bury Our Banks in Style!

Iris Mack | Posted 05.25.2011

Read More: New Orleans, Finance Bloggers, Dr. Paul Wilmott, Bank Failures, TSTB Banks, Sweet Freedom, Bank Regulations, Too Big to Fail, Move Your Money Campaign, TBTF Banks, Larry Summers, Repealed, Wall Street Journal, Jazz Funerals, Fdic, Jazz, Financial TImes, Too Small to Bailout, Glass-Steagall Act, Secondline Dance, Bob Rubin, Finance, Correct Predictions, Economy, CQF Blog, Trading, London, Dr. Emanuel Derman, Dr. Satyajit Das, Certificate of Quantitative Finance Programme, Financial Engineering, Derivatives, Dr. Nassim Taleb, Cqf, Global Economic Recession, The Warning, Pbs, Brooksley Born, Consumer Finance Protection, Casinos, Congress, Frontline, wilmott.com, cqf.com, Business News
Iris Mack

How can we bury the Too Small To Bailout banks in style? Here are a few suggestions.

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Gary Gensler, Former Goldman Partner, Leads Derivatives Reform Effort As CFTC Chair

nytimes.com | GRAHAM BOWLEY | Posted 05.25.2011

Read More: Goldman Sachs, Derivatives, Derivatives Reform, Financial Crisis, Gary Gensler, Brooksley Born, Business News

Former Goldman Partner Gary Gensler, Graham Bowley writes, is "emerging as one of the nation's archreformers, pushing to impose some of the most strin...

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Wasn't the SEC Supposed to be the 'Investor's Advocate?'

Joanne Bamberger | Posted 05.25.2011

Read More: Gordon Gekko, Elizabeth Warren, Insider Trading, Wall Street Crisis, Economy, Accounting Fraud, Timothy Geithner, Sec, Securities and Exchange Commission, Brooksley Born, Business News
Joanne Bamberger

The SEC has been badly weakened by Congress and now Congress blames the SEC for not keeping investors safe. There were warnings during the process, but no one listened.

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Will We Ignore Brooksley Born Again?

Katherine Spillar | Posted 05.25.2011

Read More: Financial Crisis, Commodity Futures Trading Commission, Feminism, Brooksley Born, Derivatives, Msmagazine, Business News
Katherine Spillar

Will the U.S. Congress listen to the echoes of Brooksley Born's voice when they tackle forthcoming legislation to better regulate the over-the-counter derivatives market?

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Rolfe Winkler: Angelides' Financial Crisis Inquiry Commission Can crisis inquiry live up to 1930s trailblazer?

Reuters | Rolfe Winkler | Posted 05.25.2011

Read More: Lloyd Blankfein, Brian Moynihan, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Pecora Commission, Financial Crisis Inquiry Commission, Ferdinand Pecora, Jamie Dimon, John Mack, Phil Angelides, Rolfe Winkler, Brooksley Born, Business News

Ferdinand Pecora turned a tame United States investigation of the 1929 Crash into an expose that spawned far-reaching banking reform. Despite flashes ...

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Executive Compensation: The Best Halloween Costume

Jill Schlesinger | Posted 05.25.2011

Read More: PBS Frontline, Regulatory Reform, Executive Compensation, Brooksley Born, Derivatives, Business News
Jill Schlesinger

Limiting executive compensation is a terrific way to appease the masses and make it look like you're doing something without having to embark on the hard work of true regulatory reform.

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Let Us Now Praise Uppity Women

Linda R. Monk, J.D. | Posted 05.25.2011

Read More: Robert Rubin, Wall Street, Commodities Futures Trading Commission Brooksley Born, Citibank, Banks, Financial Crisis, Larry Summers, Alan Greenspan, Brooksley Born, Citigroup, Regulation, Commodity Futures Trading Commission, Financial Regulation, Business News
Linda R. Monk, J.D.

Women like Brooksley Born have a long history of being whistle-blowers in systems dominated by men. Perhaps this time Congress -- and the American people -- will listen.

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Anti-Regulators: The Federal Reserve's War Against Effective Regulation

William K. Black | Posted 05.25.2011

Read More: Federal Reserve, Credit Default Swaps, Ben Bernanke, Patrick Parkinson, Great Recession, Brooksley Born, Business News
William K. Black

As Dr. Bernanke's appointment of Dr. Parkinson as the Fed's top supervisor demonstrates, the Fed's senior leadership has failed, despite the Great Recession, to learn from the crisis.

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