Comment Text:
I urge you to please curb excessive gambling in commodities markets like food and oil.
While many factors contribute to today’s highly volatile commodity prices, it is clear that excessive speculation is significantly responsible, as shown in dozens of studies by several respected institutions such as Princeton, MIT, Petersen Institute, University of London, Yale, the United Nations and the U.S. Senate.
These speculation impose financial hardships on families around the country. Sudden rises in gas and food prices force families to make difficult decisions and sacrifices. Especially right now, with so many people struggling, and unemployment barely beginning to decrease, we cannot allow speculators to unduly threaten our food and gas prices.
Please put in place effective limits, and do not allow them to be undermined by exemptions or exceptions, or allow Wall Street gamblers to escape them.
Thank you for your consideration.
