Comment Text:
I am Angela, a single person trying to make ends meet and working with many very low income people. Wall Street continues to play with commodities all with the goal of profit-taking and running amok with the lives of a majority of people in the U.S. I urge you to curb excessive gambling in commodities markets like food and oil. And take a courageous and moral stand and stop this greed from ruining this country. Regulations are intended to be "for the common good" not the top .1% of the population, the plutocrats.
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--banks, hedge funds and other "players"
to escape them.
Thank you for your consideration.
