Comment for Proposed Rule 76 FR 4752
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Comment No:
49232
Date:
9/26/2011
Comment Text:
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From: [email protected]
To: [email protected]
Sent: 9/26/2011 4:34:37 P.M. Eastern Daylight Time
Subj: Help Us Keep Food and Energy Prices From Going UP by:
Commodity Futures Trading Commission
Despite a clear directive from Congress to rein in excessive speculation, our watchdogs in Washington seem to be listening more to Wall Street, and not acting quickly enough to protect American consumers. Consider: On any given day about half of the oil futures contracts are bought and sold by traders, not companies that use oil, like airlines and power companies. And the sky’s the limit when it comes to how much of the market traders can control.
Stop speculators from interfering with the price of food and energy. Stop listening to Wall Street lobbyists. Impose meaningful position limits.
Respectfully,
Capt. Eddo H. Feyen Jr.
3481 Harbor Circle
Delray Beach, FL 33483-8030
