Comment Text:
My name is Ben Peterson and I demand that those on Wall Street who have already bankrupted themselves (2008 financial collapse) and are now bankrupting cities, states, and even countries (Greece, Spain, and Iceland) so that they can be bailed out to the tune of 12 trillion dollars (the TARP plus all the money being lent to them by the fed), be stopped from treating commodities futures like a casino, much like they did with housing.
I drive 30 miles a day to work and school and have to pay these outrages prices for gasoline when its NOT BECAUSE OF A LOW SUPPLY OF OIL BUT BECAUSE WALL STREET HAS DECIDED TO MOVE ON TO A NEW PONZI SCHEME BECAUSE THEY COLLAPSE THEIR HOUSING PONZI SCHEME. SHOULD YOU FAIL TO DO WHATS RIGHT BECAUSE YOU KNOW THAT A HIGH PAYING JOB IS WAITING FOR YOU BY THOSE YOU ARE SUPPOSED TO REGULATE IS WAITING FOR YOU WHEN YOU LEAVE THE CFTC THEN THINK AGAIN B/C I WILL BE COMING AFTER THE AGENCY AND YOU FOR PROFESSIONAL NEGLIGENCE (Coalition for Ed Success vs. US Gov't) IF YOU FAIL TO DO WHATS RIGHT.
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.
Thank you for your consideration.
