Comment Text:
My name is John Maynard. My family feels the effects of every increase in the price of food and gasoline, and I urge you to curb excessive gambling in these commodities markets.
While many factors contribute to 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 like mine. Sudden rises in gas and food prices force us to make difficult decisions and sacrifices. We should not 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.
