Comment Text:
Sirs,
A loaf of whole wheat. A gallon of gasoline. A pair of Levi’s. Americans are paying more for many basic items this year, making tough economic times even tougher.
Speculators are still playing games in the marketplace. Your regulators allow them to wildly bid up the price for everyday items we need, like wheat, gasoline and heating oil. Click here to read The Times article.
Despite a clear directive from Congress to rein in excessive speculation, your agency appears 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. That must stop!!!
You can and must stop speculators from interfering with the price of food and energy. Sop listening to Wall Street lobbyists. Impose meaningful position limits that protect consumers and the economy.
Matthew Uttal
500 SW 130th Ter #311
Pembroke Pines, Fl 33027
"Courage is resistance to fear, mastery of fear, not absence of fear." ~ Mark Twain
