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Comment for Proposed Rule 76 FR 4752

  • From: James Cupan

    Comment No: 27675
    Date: 2/11/2011

    Comment Text:

    Restoring faith in the markets is your task.

    It is obvious to even the most casual observer that the same forces who grove the country into the ground with derivative positions on mortgages have been doing the same with commodities. Even the most most base have an intuitive sense that they are being raked over the coals.

    The country and indeed the world needs fairness in the markets. Tunisia and Egypt are just previews of what may come otherwise.

    We have record supplies of oil. Just look at the EIA data. Yet the speculators have driven the price at levels approaching the farce of 2008. Based on pure supply and demand the price should be in the $40 to $50 /bbl range. That difference is the amount of theft going on. It is the main leech that is holding back economic expansion and is a major oppression of the poor worldwide.

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