Boston Two U.S. federal regulators who sounded early warnings on the financial crisis and a Liberian peace activist who helped end that nation’s civil war were honored for their efforts Monday at the John F. Kennedy Library in Boston.
Federal Deposit Insurance Corp. chairwoman Sheila Bair, a graduate of Kansas University; former chairwoman of the Commodity Futures Trading Commission Brooksley Born; and peace activist Leymah Gbowee were presented with Profile in Courage Awards, annual honors named for a 1957 Pulitzer Prize-winning book written by John F. Kennedy.
“(It’s) a special honor to present the award to three women who have inspired all those who seek to bring about change in their political systems,” said Caroline Kennedy, daughter of President Kennedy and head of the John F. Kennedy Library Foundation that administers the awards.
Bair was one of the first to speak out about the subprime lending crisis, and Born warned a decade ago that unregulated financial contracts, including credit default swaps, could pose dangers to the economy. Gbowee organized a group of Christian and Muslim women to challenge Liberia’s warlords.
In accepting her award, Bair said she was proud to join the list of those who have received past Profile in Courage awards. “I’m particularly pleased to be joining two other female awardees who stood up when some of their male counterparts failed to act, or worse, actively fought them,” she said.