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Comment for Proposed Rule 79 FR 71973

  • From: Nathan G Larson
    Organization(s):

    Comment No: 60184
    Date: 12/31/2014

    Comment Text:

    Speculation should be outlawed or at least strictly regulated. Regulations, like laws, keep individuals, businesses, and corporations from doing harm to others. Regulations and laws are a necessary function of a democracy and of individual behavior. To speculate on any commodity artificially inflates or deflates the cost and subsequently gauges consumers - I see Wall Street speculation of anything (natural resources, money, anything) as the equivalent to price gauging that too often occurs after a natural disaster. People are trying to get the lives and livelihoods back together and some people see it as an opportunity to make money off the backs of people in need.
    Speculation creates hollow, or, non-existent value and harms the economy and people. Please create/write strict regulations or outlaw speculation all together.

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