Comment Text:
3/25/11
I am Victoria Dickinson, I rely on public transportation every day; the monthly bus pass fare has already increased from $40/month now to $45/month, and our family feels the effects of every increase in the price of gas in every item that we have to purchase just to survive.
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 has already been testified to in a 2010 Senate Hearing on the subject that excessive speculation is entirely 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.
Thank you for your consideration.
