Comment Text:
I urge you to curb excessive gambling in commodities markets like food and oil. In fact, there needs to be governing action enacted for all speculative
gambling of investor monies.
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. Breaking the law is breaking the law, and there should be no exceptions for those on Wall Street who thumb their noses at us. No more
bailouts for banks or companies...let them fail. We citizens came through
the last depression and we can do it again.
Thank you for your consideration.
