Comment Text:
I am a 61 year old woman, still working and trying to save for my retirement. My husband and I are both struggling to keep up with the rising prices of food and gas. My husband was laid off and is now employed but making half of what he did before. We lost a lot of our retirement investments to the downturn a couple of years ago. We, in middle America, need to be considered in this decision, and not the "gamblers" who already have plenty of wealth.
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.
Peggy Schlesinger
