Comment Text:
Please prohibit or heavily regulate the ability of individuals, corporations, and organizations such as Sovereign Wealth Funds to manipulate commodity prices because they can. SWFs may even be owned by oil producing countries with a vested interest in high oil prices.
As you know, commodities trading was set to establish fair prices for goods. Now, this is merely another field for the already super wealthy to gamble and game. Excessive speculation is partially responsible for price spikes, 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.
Rising energy prices hurt us. I don't own a car, so I depend on public transportation. When prices go up, I struggle to make ends meet.
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.
The wealthy have more than enough of everything, especially the time and money to make the working and middle classes' lives more miserable. These traders are helping to invest in our impoverishment. 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.
