Comment Text:
To the members of the 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.
I am asking the members to stop speculators from interfering with the price of food and energy by stopping the manipulation of commodities prices. Please stop listening to Wall Street lobbyists and impose meaningful position limits.
Pam St. John, a taxpayer
18781 SW 294 Ter
Homestead, FL 33030
