Comment Text:
Hello. My name is Gary Chrisler.
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, and do not allow them to be undermined by exemptions or exceptions, or allow Wall Street gamblers to escape them.
The people of the United States have apready paid out trillions of dollars to cover Wall St. gambles gone bad. Now states throughout the union claim they are broke and seek to suck yet more wealth from working families and the poor, while not one Wall Streeter has been sent to jail for their bad faith and fraudulent acts, corporate profits are setting new records, along with Wall St. and banking salaries and bonuses. This massive redistribution of wealth must be better regulated. Working faamilies must not be required to bear the brunt of Wall St. greed and speculation.
Thank you for your consideration.
