Bart Chilton on Financial Regulatory Reform Legislation, July 2010

[AyeSkyeTech]

He looks too good to be a good man. i mean look at him.

I have to think with my heart and not my genitals.

[sciflyer67]

Corrupt and Owned - Did B of A offer to 'Help you out" too Mr. Chilton?

Treason.

[AyeSkyeTech]

@sciflyer67 or worse...maybe he was threatened. a lot of times members of the illuminati and those who work for or in the bankster fraud circle will literally threaten and scare the hell out of people they believe are a viable threat. I mean, anything they will tap your phones, run you off the road, etc.

or accept a settlement AND be quiet.

I don't know who this man is, but I don't think he's a strong pusher or anything like that.

[manopeaceYV4]

Good luck buddy, hope it`s helping. Thanks for trying to keep the lights on.

[KDanagger]

Great - more government regulations. The free market doesn't need any "help from the government".

A true free market needs to be unleashed by putting an end to corporate lobbying and regulation. In a true free market the best and brightest rise to the top. Special favors breed laziness and corruption.

People need to understand the difference between capitalism and corporatism. This great nation of America was build on Capitalism. It is now being devoured by it's evil twin brother - corporatism.

[rollthefilmutube]

This guy is the one good man for the people of the world on the CFTC.

The wishes of the people via Congress are abrogated by the greedy banks controlling the other four commissioners

The people of the world will start starving as prices of food stuffs rise.

There is a food shortage developing in face of weather disasters, floods, failed crops etc.

All the real production of US goods is offshore.

Obama is the Biggest Disappointment for a President in the History of the United States of America.

[ChrisPCrunchy]

Banks and Governments are organised crime at it's most organised level.

[bellacloe3315]

It's like a dream come true. Please wake me I'm dreaming right?

[vadimuskoro]

Fight Cause Not Effect !!

DEMAND

#1.Monetary Reform

Only Governmental Bank must be the Dept-Free money/currecy supplier 4ever , Not Fed.Reserv nore Central Bank Privatly Owned that only loans money to the Government at an interest !

Federal Reseve Can easely put silver OUTLAW or any comodity or change its value in their favor as they did before in the history

EDUCATE YOUSELF & FRIENDS

Watch Doc. Movie - THE MONEY MASTERS 20/22 - & you will get all answers!

Let The World Know !

[dowhatuwill]

The verdict is in: Chilton is a liar and a fraud. he promised an announcement by september 23rd on the silver investigation. " If they [cftc]don't saying somethig, I will."

What happened? Nothing. What did the CFTC say?What did he say? What did the CFTC do? NOTHING.

[fcoz2003]

I'm with the government and I'm here to help.

Where have I heard that before?

[09Silverbull]

Thanks Bart,

If you needed this bill, why didn´t you say so 5 years ago

when you started your sham investigation of precious metals manipulation?

5 years is a long time to do nothing but cash your checks from the taxpayers.

CFTC and Bart Chilton = Barney Fife on steroids.

[CycleSpreads]

Very very skeptical. Prove me wrong Chilton. FINREG exempts the banks from speculating in gold and silver derivatives.

[1mealperday]

Want to rebuild the trust?? Put the money rapists in jail!! Until then its just law for the rich ,by the rich and the whole country is figuring that out. I hope Bart chilton is for real, I and many other small businessmen are backing off till we see proof.

[singlespeak]

doublespeak

[stealinator]

Time will tell. I will not hold my breath though. Personally do not buy it. Chance to more power to and increase the size of fed. If by chance this is 'for real' kudos.

[Eraser7622]

Wow!! I'm really impressed with the overall quality of the comments to this video... demonstrates that many more people are awake now and very well informed as to not only why position limits are necessary, but that the CFTC has had this authority all along! I'm with the majority on this one in the sense of I'll believe it when I see it. Remember, Mr. Chilton, these "limits" need to apply NOT only to individual traders or entities, but cumulatively over an entities' entire business.

[wwocean]

Yo, how about you quit talking to me like I'm five years old and just go do your damn job. 90% of this 'reform' bil is complete BS and you know it.

The CFTC already has the power to enforce positions limits. So far all this commission has done is blow a lot of hot air. You're going to do right by the people now? Is that it? Well then, just shut up and do it.

As with most others, I'll believe when I see it.

[Eraser7622]

@wwocean

Well said, and accurate to the letter. 

[BenHornstein]

Mr. Chilton, a very good talk but why have you waited until now. You could have done all this without any of this legislation. It is people who enforce rules not words on a piece of paper. You have had enough evidence to indict JP Morgan's silver market manipulation. Traders at JPM and other who are colluding with them should have been in jail by now. And why are you waiting 180 days to implement it, who are you going to consult, the criminals?

[1mealperday]

@BenHornstein Excellent comment, excellent questions. You are not alone in thinking that.

[martialarm]

if this was going to help the consumer and restrict the fraud then why did the market jump at its passing into law? If it forced de-leveraging and placed in restrictions on the criminal bankers the markets would have gone down to realistic levels.

So he lost me in the first few minutes saying how wonderful this piece of shit bill was. Good for Goldman is not good for the World.

[bbck7777]

What a great explanation of the new law, great job Commissioner Chilton. I hope the entire CFTC board will now do its job.

[dowhatuwill]

Email the CFTC commissioners and ask them when EXACTLY they are going to do this.

Tell them it is not acceptable to dither another 180 days as they are suggesting.

This IS having an effect and we can help stop JPM etc. rigging the gold and silver markets for good.

[GMirk22]

"wild and exotic mortgages that were taking place all over the country" Are you kidding me, Bart? Fannie and Freddie (GOVERNMENT-backed mortgage entities) helped force most banks into making loans to millions of home buyers who could ill-afford them. Rules and regulations caused the mess. Now you want more rules and regulations? Wake up, Chilton! "a free market with side boards" lmao That's an oxymoron. Why oh why do we have dopes leading this country?

[cankorgbr]

position limits on gold and silver futures contracts should be 1500 contracts and should be imposed immediately. there is a crime in progress, deal with it CFTC!!!

[quezer0]

I'll believe it the day i see BP, JPMC, and Goldman are all in jail. oh wait that will cost money. just burn them at the stake or shoot them after they are found guilty.

[TheBrotherMouzone]

What a bunch of nonsense.

[doverlin]

I have become so cynical about our government ever doing the right thing for all of us and not just big banks and multinational corporations. I want to believe this time will be different. In the past I would have applauded Mr. Chilton's comments. However, we all have heard this before so in this case I'll reserve my judgement for your actions and not for your words. Good luck Mr. Chilton, I hope for the best.

[MainstreamAlternaTiV]

We must go after JPMorgan and HSBC for their manipulation of precious metals markets, and install position limits as recommended by experts such as Ted Butler.

[lilbitparanoid]

...and FuQ JPMorgan/Federal Reserve

[888kevo]

Ok, let's get on with the position limits then and maybe the police can feel Jamie Dimon's collar?

[codematrix]

Mr. Chilton, please do the right thing and immediately set those limits.

Send those JPMorgan and HSBC traders to jail. There was no excuse for these concentrated shorts to every occur. The time is now.

[renegado100]

@codematrix hahaha , he is one of them !! Chilton is another " too big to fail bank's shill !!

[NoMoreFiatCurrency]

The main point we need to be getting from Mr. Chilton is the fact that the New FinReg law will give more power to the CFTC so they will able to address the problem with the commodies market, specifically gold and silver, being manipulated by the large commercial banks. Mr Chilton keep up the good work in trying to keep our market a free one. It is long overdue.

[stoneeh]

good work mr chilton. i hope this thing with the precious metals position limits gets resolved soon. the metal markets are so manipulated, a blind man should be able to see it

[fee1776]

The reform bill allows Treasury to bailout banks and financial cos without the need to go to Congress (atleast TARP was voted on), and it does not regulate Freddie and Fannie. While everyone thinks our problems are over, we will be revisiting another too big to fail situation again unless we have a true Glass Spiegel like requirement on our banks. This reform bill touted is still not dealing with the root cause of the crisis.

[Danster82]

position limit doesnt work you just need to create multiple corporation and all short.

It has to be linked to the physical.

[bloodlettingpress]

I hear them talking about limited but I don't hear anything about what those limits will be or when these new limits will be enforced. At this point I don't trust any of them and if history repeats itself they'll say one thing and then do the exact opposite.

[aneuploid68]

The financial reform is a joke.

[jwilkinson7777]

It's fools like you that got us into this mess in the first place. If I want to invest in some crazy exotic mortgage that is my right. If you "Barney Frank" types TELL me that I have to invest in "bad loans" then I have a problem with it (community reinvestment act). Now your trying to go back and fix the mistakes you made the first time around. Quit jacking with stuff and let the free market be the free market.

[Kontaktt]

Illuminati inverse triangle of intent???.... Be wary of this information IMO

[georgebhug]

Yes, yes, all well-and-good, but let's see Mr. Chilton and the CFTC put some teeth into these easy words, and go after the worst offenders of market manipulation and fraud in the gold and silver markets. These markets are controlled by just a few banks making outrageous sums dealing in 'naked short' positions and totally controlling the price.

The fact is, they (CFTC) has been made aware of these frauds and manipulations for years, and has done absolutely nothing about them.

[flaunttnualf]

bullshit.  this legislation will just make it more expensive to do business and further destroy our economy. the government creates disasters and then grabs more power claiming that "this time" it will be different. central planning doesn't work. never has, never will.

[georgebhug]

@flaunttnualf

So you're saying these banksters and fraudsters should just continue to be allowed to rip-off us citizens because it's good for business? So is drug dealing, prostitution and pollution, but that doesn't make it right, or the government complicit.

Until the thieves in business start behaving like honest businesspeople, we will need cops to keep them honest.

[ksabin711]

hope this is true. Enough is enough

[Oathtaker4life]

Ah... justice... a breath of fresh air.