Comment Text:
Hi,
I am Dave Watson, a computer technician for a school in West Covina. While it is already nearly impossible for me to expect to own a home and raise a family one day, rising fuel and food costs simply put this goal further out of reach.
While many factors contribute to today’s highly volatile commodity prices, it is well documented that excessive speculation is largely 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 we cannot allow speculators to unduly affect our food and gas prices, simply because the Federal Reserve finds it convenient to keep the dollar perpetually weak.
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.
