Comment Text:
I am Laura Caffentzis, and the lack of public transportation in WIsconsin means that I have to use a car for nearly everything I do. Even though I drive a Toyota Prius, which gets approximately 45mpg, I feel the effects of gas price fluctuations.
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. The CFTC must not allow exemptions or exceptions that undermine the rule, and should NOT give ANY exemptions to banks, hedge funds, and other financial players. They have created enough damage to the economy already!
Thank you for your consideration.
