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Comment for Proposed Rule 75 FR 4143

  • From: Robert Wical
    Organization(s):

    Comment No: 13022
    Date: 4/13/2010

    Comment Text:

    10-002
    COMMENT
    CL-04022
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Tuesday, April 13, 2010 2:23 PM
    secretary
    Proposed Federal Speculative Position Limits
    Robert Wical
    705 South East St.
    Culpeper, VA 22701-3224
    April
    13, 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 encourage the CFTC to adopt the Proposed Federal Speculative Position
    Limits before volatile fuel prices further harm the country's already
    weakened economy.
    Sincerely,
    Robert Wical
    540 825 5197