Comment Text:
10-002
COMMENT
CL-00372
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 12:03 PM
secretary
Proposed Federal Speculative Position Limits
James E. Snodgrass
1130 E. Deepwell Rd.
Palm Springs, CA 92264-8518
April 8, 2010
CFTC Comments
Dear CFTC Comments:
Wall Street's speculative trading in oil not only hurts the economy, but
hurts every American who pays excessive prices at the pump, for groceries,
home heating oil and everything related to transportation.
Our tax dollars were used to bail out large Wall Street firms when they
were on the brink of bankruptcy. It is these same institutions who gamble
on oil and who continue to profit at every American's expense.
I encourage the CFTC to adopt the Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country's already
weakened economy.
Sincerely,
James
E.
Snodgrass
760-416-4067
