Comment Text:
Hello,
As a hard-working independent business owner - responsible for my own benefits and retirement savings, I am sick at heart with the influence and power that Wall Street currently has in the running of this country. Please please please for the sake of our future viability as a thriving and healthy democracy stand up to the special interests of Wall Street. If allowed to manipulate financial instruments without legislative restriction they will drive this country to its knees. Bubbles, booms and busts. Created with public (stock holder) monies and bailed out with taxpayer monies. All the while the senior management skims the cream.
I urge you to 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 partially responsible, as shown in dozens of studies by respected institutions such as Princeton, MIT, Petersen Institute, University of London, Yale, the United Nations and the U.S. Senate.
Speculation thus imposes financial hardships on families around the country. Sudden rises in gas and food prices force us to make difficult decisions and sacrifices. Especially right now, with so many families struggling, and unemployment barely beginning to decrease, we cannot allow speculators to unduly affect our food and gas prices.
Please put in place effective position limits rules, 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.
