Comment Text:
10-002
COMMENT
CL-01080
From:
Sent:
To:
Subject:
alsj [email protected]
Thursday, April 8, 2010 12:58 PM
secretary
Proposed Federal Speculative Position Limits
John Alessi
209 Manatee Ln
Fort Pierce, FL 34982-6768
April 8, 2010
CFTC Comments
Dear CFTC Comments:
I support the CFTC's Proposed Federal Speculative Position Limits that
will reestablish speculative position limits on major energy commodities.
This rule will provide stability to the marketplace and help prevent
future price bubbles. The CFTC must quickly approve a strong rule to
protect America's struggling economy.
Wall Street's speculative trading in oil not only hurts the economy, but
hurts every American who pays excessive prices at the pump, for groceries,
home heating oil and everything related to transportation.
Our tax dollars were used to bail out large Wall Street firms when they
were on the brink of bankruptcy. It is these same institutions who gamble
on oil and who continue to profit at every American's expense.
I encourage the CFTC to adopt the Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country's already
weakened economy.
Sincerely,
John Alessi
