Comment Text:
10-002
COMMENT
CL-05043
From:
Sent:
To:
Subject:
[email protected]
Tuesday, April 13, 2010 11:34 AM
secretary
Proposed Speculative Position Limits on Energy
Kenneth Walker
800 Cypress Grove Drive
Pompano Beach, FL 33069-5039
April 13, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
I write in support of 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.
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 that
pushed the price of gasoline well past $4 per gallon in 2008 by gambling
on oil and continue to profit at every American's expense.
Rampant oil speculation by large Wall Street trading firms has resulted in
extreme volatility in energy markets.
Sincerely,
Kenneth Walker
8654149980
