Comment Text:
I urge you to stop the excessive gambling in the commodities markets like food and oil.
While many factors contribute to today’s outrageous prices, it is clear that excessive speculation is primarily 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 employment and working 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 the banks, investment firms or the Wall Street gamblers to escape them.
Thank you for your consideration.
