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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Bob Dobbs who wrote (26484)	1/19/1999 2:27:00 PM
From: long-gone	Read Replies (2) of 116760

All: Impact?: Release: #4231-99 For Release: January 19, 1999 Chairperson Brooksley Born Announces Her Intention Not to Seek Reappointment to a Second Term Washington -- Chairperson Brooksley Born of the Commodity Futures Trading Commission today announced her intention not to seek reappointment to a second term but instead to resign at the end of her term in April or shortly thereafter. In announcing her intention, Chairperson Born stated: "I am extremely proud of the Commission's accomplishments over the last two and a half years. The Commission has undertaken a comprehensive regulatory reform program and has addressed a number of difficult issues facing the industry. The Commission is well prepared to move into the new millennium of financial regulation." A copy of Chairperson Born's letter to President Clinton conveying her intentions is attached. ------------------------------------------------------------------------ January 19, 1999 The Honorable William J. Clinton President of the United States The White House Washington, D.C. 20500 Dear Mr. President: The Office of Presidential Personnel has asked whether I would like to be nominated for a second term as Chairperson of the Commodity Futures Trading Commission. After careful consideration, I have decided that I would prefer to return to the private practice of law. Therefore, I plan to resign at the end of my term in April or shortly thereafter. I greatly appreciate the opportunity you have provided me to make a contribution by performing government service. Your continuing confidence and support have meant a great deal to me, and it has been an honor to serve during your Administration. Sincerely yours, Brooksley Born cc: Mr. Robert J. Nash Assistant to the President and Director Office of Presidential Personnel cftc.gov Worse of better supervision of commodities / futures trading? A more or less open commodities market? thoughts?

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