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Comment for General CFTC Net Position Changes Data Reports

  • From: Jean L Corcoran
    Organization(s):
    Citizen

    Comment No: 48366
    Date: 9/28/2011

    Comment Text:

    Despite a clear directive from Congress to rein in excessive speculation, and not acting quickly enough to protect American consumers, while on any given day about half of the oil futures contracts are bought and sold by traders, as well as prices on needed everyday items, such as wheat, gasoline, heating oil, clothing, WE NEED MEANINGFUL POSITION LIMITS. Speculators are still playing games in the marketplace, and you, our regulators are allowing it.

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