AmericanMadeHeroes.com
We honor America's best manufacturers keeping America's future strong!
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Brooksley Born An American Made Hero. (Click photo for full bio.)
Mr. Obama promoted failures. 
Mr. Obama promoted failures 
Mr. Obama promoted failures. |
In 2009 Brooksley Born, along with Sheila Bair of the FDIC, was awarded the John F. Kennedy Profiles in Courage Award in recognition of the "political courage she demonstrated in sounding early warnings about conditions that contributed to the current global financial crisis". According to Caroline Kennedy, "...Brooksley Born recognized that the financial security of all Americans was being put at risk by the greed, negligence and opposition of powerful and well connected interests... The catastrophic financial events of recent months have proved them [Born and Sheila Bair] right." Ms. Born was appointed to the CFTC on April 15, 1994 by President Bill Clinton. Due to litigation against Bankers Trust Company by Procter and Gamble and other corporate clients, Ms.Born and her team at the CFTC sought comments on the regulation of derivatives, a first step in the process of writing comprehensive regulations. Ms. Born was particularly concerned about swaps, financial instruments that are traded over the counter between banks, insurance companies or other funds or companies, and thus have no transparency except to the two counterparties and the counterparties' regulators, if any. CFTC regulation was strenuously opposed by Federal Reserve chairman Alan Greenspan, and by Treasury Secretaries Robert Rubin and Lawrence Summers.
AmericanMadeHeroes.com!
AmericanMadeHeroes.com!
Ms. Born graduated from Abraham Lincoln High School (San Francisco, California) at the age of 16. She then attended Stanford
University, where she majored in English and was graduated with the class of 1961. She initially wanted to pursue a career
in medicine. However, the guidance counseling service at Stanford opposed this, as it was their
stated opinion that a woman
who was interested in becoming a doctor, instead of the more suitable career of a nurse, was merely materialistic and had
no sincere interest in healing.
She then attended Stanford Law School, one of only seven women in her class. She was the first female student ever to be
named president of the Stanford Law Review. She received the "Outstanding Senior" award and graduated at the top of her
class in 1964.
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Click above to view this FRONTLINE program. Know who failed the USA.
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Alan Greenspan -- "I was wrong." |
| An October 2009 Frontline documentary titled "The Warning" (shown above) described Brooksley Born's thwarted efforts to regulate and bring transparency to the derivatives market, and the continuing opposition thereto. The program concluded with an excerpted interview with Born sounding another warning: "I think we will have continuing danger from these markets and that we will have repeats of the financial crisis -- may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience." |
Alexander Hamilton |
"Not only the wealth, but the independence and security of a country, appear
to be materially connected with the prosperity of manufacturers. Every nation ... ought to endeavor to possess within
itself all the essentials of a national supply. They comprise the means of subsistence, habitation, clothing and
defense ... The expediency of encouraging manufactures in the United States, which was not long since deemed very
questionable, appears at this time to be pretty generally admitted."
-- Alexander Hamilton ... an American Made Hero! |
| American Made Heroes (AMH) is a unique non-partisan, grass-roots partnership focused on supporting, strengthening and expanding USA manufacturing. AMH applauds and salutes the growing group of American domestic manufacturers who proudly manufacture here in the USA and deserve America's special recognition and respect. American Made Heroes (AMH) also recognizes and salutes those among us who advocate for the implemention of policy solutions to immediately support our domestic manufacturers over unfair trade from foreign competitors. |