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Comment for Proposed Rule 76 FR 4752

  • From: Irene Seelye
    Organization(s):
    Artists of Clear Lake

    Comment No: 32942
    Date: 3/26/2011

    Comment Text:

    I am a resident in an a low income rural area of this great country, America. The mainstay of my retired life is my family. The rapidly rising cost of food and gasoline is not only a financial hardship but is also effects "family values". Folks can not afford to travel the 60 or more miles roundtrip to visit loved ones, let alone share a meal or a hug. The frusttation of higher gas, food and utilites coupled with long term unemployment adds to increaes in domestic violence and family instablity.

    There is something wrong with our leaders if they cannot connect with the big picture of what is happening to our country and working class families. We all know greed will not go away, but it should be exposed and/or regulated. I have RULES to follow all of my life, family values that taught me right from wrong, Gambling is not a good thing, since it can be addictive and damaging. We need to treat our addtictions to all kinds of excesses in this country. Let's start with the "love of money" and it's corrupting powers.

    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

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