Comment Text:
Hello. My name is Victoria Muniz and I am a DoD civilian. My job is to assist military members and their families by providing them with information regarding personal finance, consumer fraud and a variety of other topics. One issue is the money spent on food and gas purchaes. These families that have to deal with life in the military and the low pay that comes with the job need all the help they can get from their elected officials.
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.
