Key regulator calls for limits on speculation in commodities markets

By Kevin G. Hall | McClatchy Newspapers

WASHINGTON — Having failed earlier this year to impose congressionally mandated limits on excessive speculation in commodities markets, a key regulator on Thursday called on the Obama administration to immediately impose temporary limits on some Wall Street investments.

"We were supposed to have these done earlier this year but have failed to do so," complained Bart Chilton, one of three Democrats on the Commodity Futures Trading Commission.