CFTC Chair Wendy Gramm Exempts Enron from Derivatives Regulation, Joins Board Five Weeks Later

On her final day as Chair of the Commodity Futures Trading Commission, Wendy Gramm approves a regulatory exemption allowing Enron to trade energy derivatives without CFTC oversight. The exemption, granted on January 14, 1993 (some sources cite January 21, the final day of the George H.W. Bush …