Comment Text:
10-002
COMMENT
CL-01214
From:
Sent:
To:
Subject:
cyp9ress@gmail, com
Friday, April
9, 2010 12:53 AM
secretary
Proposed Federal Speculative Position Limits
Debbie Henning
518 N. Hanover St.
Anaheim, CA 92801-5007
April 9, 2010
CFTC Comments
Dear CFTC Comments:
I am writing in support of the CFTC's Proposed Federal Speculative
Position Limits that will reestablish speculative position limits on maj or
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.
I have been out of work for close to a year now because of this and I
deeply resent the fact that these Wall Street traders have not been held
accountable and reigned in.
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,
Debbie Henning
