Comment Text:
The CFTC should put in place strong position limits to control excessive gambling. I urge you to curb excessive gambling in commodities markets like food and oil. 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 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 unemployment , rising and so many families struggling, we cannot allow speculators to unduly affect our food and gas prices.
The CFTC should not allow exemptions or exceptions that undermine the rule, and should not give any exemptions to banks, hedge funds or other financial players, or allow Wall Street gamblers to escape .
We cannot afford a repeat of the 2008 food and gas price bubbles
Thank you for your consideration.
Gloria Messer
