Comment for Proposed Rule 76 FR 4752
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From:
Susan Kay
Organization(s):
None
Comment No:
33848
Date:
3/28/2011
Comment Text:
I welcome the implementation of the Dodd-Frank Act - price volatility for foodstuffs damages lives and leads to political instability. If the Act is to be effective the CTFC must not let the regulation be watered down. The proposed speculation limits must be fully implemented, and exemptions must be limited to businesses that deal in physical commodities. If financial institutions are allowed to hedge we will be back to instability and the risk of price bubbles.
Thank you, America, for leading the way on curbing food speculation. Please make sure that the Act is implemented effectively, without leaving loopholes.
Susan Kay
Exeter, UK
