Monday, May 18, 2009

Sheila Bair, Brooksley Born: JFK Award Recipients For Predicting Crisis

BOSTON — Two U.S. federal regulators who sounded early warnings on the financial crisis and a Liberian peace activist will receive the 2009 the John F. Kennedy Profile in Courage Award.

The awards will be presented Monday by Caroline Kennedy at a ceremony at Boston's John F. Kennedy Presidential Library and Museum.

Among those to receive honors is Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., who was one of the first to warn about the subprime lending crisis.

Brooksley Born, former chairwoman of the Commodity Futures Trading Commission, will be honored for warning a decade ago about unregulated financial contracts.

Leymah Gbowee (LAY'-mah BOH'-wee) also will receive an award for organizing a multifaith group of woman to help end Liberia's civil war.

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