cftc commissioner bart chilton is shocked, shocked to learn that there might be criminal activity in the commodity markets.

Feb. 10 (Bloomberg) -- The U.S. Commodity Futures Trading Commission should have the authority to pursue criminal violations of rules in the markets it oversees, Commissioner Bart Chilton said.

Under current rules, the agency refers any criminal violations to the U.S. Justice Department. If Justice doesn’t pursue charges, transgressors are subject to a fine from the market regulator, and not jail time, Chilton said.

then ed steer of casey research (and his editor) put it in the proper perspective:

My first contribution of the day is this Bloomberg story headlined "CFTC Should Have Criminal Authority, Commissioner Chilton Says". [Well, Bart...that's all well and good...but you have the two most egregious examples of criminal activity occurring right under your nose right now...crimes in progress...the grotesque concentrated gold and silver short positions of three [or less] U.S. bullion banks...and you and your buddies just sit there with your belly-button lint brushes and do nothing. Don't worry about more power...just enforce the rules you have on the books now...and let the Department of Justice take care of the rest. - Ed] The link is here.

http://bloomberg.com/apps/news?pid=2... &

http://caseyresearch.com/displayDrp....