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Comment for Proposed Rule 76 FR 4752

  • From: John Hughes
    The financial rape of the people must end

    Comment No: 27391
    Date: 1/26/2011

    Comment Text:

    Implementing speculative position limits to address excessive speculation and protect consumers is a mandatory directive of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

    Why isn't the Commission obeying this written law?

    The Commissions failure to establish limits on the amount of speculative futures positions in the derivatives markets and elsewhere is allowing the rampant manipulation of the commodities markets in favor of very wealthy speculators and at great cost to the general public.

    Get off your bums and limit the speculators as required by law before gas and food become to expensive for many to purchase. The added cost going directly into the pockets of those speculators.

    Let precious metals find their true free market values. Limiting speculative positions to 1500 or less will hopefully curtail future manipulations, if not, bring the limit down till it does.

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