In this RT episode, Lauren Lyster interviews CFTC Commissioner Bart Chilton and they discuss:
- The ongoing investigation of alleged silver market manipulation and Mr. Chilton specifically admits he’s seen one market participant have a controlling 30% concentrated position in that market. (It should be noted that this 30% position dominance is on the short side of the market. And the reader is urged to remember that in 1980, the Hunt Brothers were charged with having only a 20% dominance on the long side of the market.)
- The difficulty in winning a legal action suit that alleges manipulation is in proving intent.
- The increasing evidence of fraud in the market place, exemplified by such cases as MF Global and Peregrine. Mr. Chilton’s recommendations on protecting against future occurrences include the creation of an investor insurance program like that savers are provided with by the FDIC.
- The delay in Dodd-Frank rules and the fact that “government is slow and reactive.”