Comment Text:
Something has to be done about speculators are still playing games in the marketplace….their financial game playing is harming hard working Americans at a time when we are already pushed to the brink. Regulators are allowing these speculators to wildly bid up the price for everyday items we need, like wheat, gasoline and heating oil. THIS MUST STOP!
Please heed the clear directive from Congress to rein in excessive speculation, and be the watchdogs for the American people…as you are should. Stop listening to Wall Street, and start to act quickly 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 sending this email to implore you to do your job and help stop the manipulation of commodities prices - and tell your members to stop speculators from interfering with the price of food and energy. Stop listening to Wall Street lobbyists. Tell and impose meaningful position limits.
Kristina Rashedi
