Comment Text:
I am Bill Payne, I drive 60 minutes to and from work every day, and our family feels the effects of every increase in the price of gas
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.
Failure to do this may result in delays in our economic recovery efforts, the loss of jobs and increased hunger - all so that a few ultra wealthy Wall Streeters can make even more millions at the expense of Main Street.
Thank you for your consideration.
