Comment Text:
10-002
COMMENT
CL-01328
From:
Sent:
To:
Subject:
j anetj [email protected]
Sunday, April 11, 2010 1:33 PM
secretary
Proposed Federal Speculative Position Limits
Janet
J.
Slobin
2340 N.W. Brewer Lane
Portland, OR 97229-9325
April 11, 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.
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'm tired
of this country's continued shifting of taxpayer dollars from the middle
class (what's left of it) to the top 1%. the financial elite. We have
become a third-world country and something must be done to stop this trend
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,
Janet J. Slobin
