CFTC Commissioner Chilton Interview in Energy Metro Desk on DF Lobbying (with Lofchie Comment)

The Energy Metro Desk has published a short interview with CFTC Commissioner Bart Chilton in which the Commissioner confirms that lobbying on Dodd-Frank issues is continuing, albeit on how the rules will impact firms' business, and in which he opines that there is zero chance that Dodd-Frank will be subject to a substantial redo.

Lofchie Comment: In the interview, Commissioner Chilton describes financial "lobbyists" as having descended on the CFTC "like a plague." Speaking as someone who has been consistently critical of Dodd-Frank, as well as of some of the implementing rules, the description strikes me as worrisome. I believe that I descend more like a spring rain over a dry field, which is to say that my objections to the statute and the rulemaking are based on, I believe, common sense and good public policy on policy and not a belief that repeal of Dodd-Frank would make me money. This I would argue is against any personal financial interest as incredibly complicated regulations are generally good for lawyers - at least in the long run, and assuming that the financial industry is not completely exported.

Click here to view the article in full.The attached is an excerpt from the last issue of Energy Metro Desk, which is published bi-weekly by Scudder Publishing Group, an energy trade news publishing company based in the Washington, D.C. metropolitan area. Those interested in learning more about the Energy Metro Desk may do so by linking to www.energymetro.com or emailing [email protected].