Friday, January 6, 2012

CFTC Commissioner Bart Chilton: “Concentrated Positions Have the Ability to Manipulate Markets”

Jim welcomes CFTC Commissioner Bart Chilton for a wide-ranging discussion. Some of the topics discussed include MF Global, concentrated positions, silver manipulation, the paper market vs. the physical market, and his new book, “Ponzimonium−How Scam Artists Are Ripping Off America.”
Bart Chilton, Commissioner at the U.S. Commodity Futures Trading Commission (CFTC) was nominated by President Bush and confirmed by the U. S. Senate in 2007. In 2009, he was re-nominated by President Obama and reconfirmed by the Senate. He has served as the Chairman of the CFTC’s Energy and Environmental Markets Advisory Committee (EEMAC). His career spans 25 years in government service—working on Capitol Hill in the House of Representatives, in the Senate, and serving in the Executive Branch during the Clinton, Bush and Obama Administrations.
Click here to listen to the Financial Sense Interview with Bart Chilton