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Message: bart chilton on cnbc

bart chilton on cnbc

posted on Jan 28, 2009 12:10PM

cftc commissioner bart chilton said we need more transparency in the financial markets. while he did mention that there are position limits, and that large positions could manipulate the market or have an impact of pricing, they didn't get into any specifics, like for instance, silver.

he said there should be only one agency clearly responsible for the oversight, not a hodgepodge of agencies, and that he had requested another 150 staff to do the job. if he's serious, and he really wants to prevent the large banks from controlling the market, he knows where to start.

http://www.cnbc.com/id/15840232?vide...

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