Comment Text:
10-002
COMMENT
CL-00411
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 12:08 PM
secretary
Proposed Federal Speculative Position Limits
Terry Cook
6718 Palatine Ave N
Seattle, WA 98103-5232
April 8, 2010
CFTC Comments
Dear CFTC Comments:
I am writing in support of the CFTC's Proposed Federal Speculative
Position Limits that will reestablish speculative position limits on maj or
energy commodities. I am tired of the planned fluctuations to drive prices
up using the casino mentality. This rule will provide stability to the
marketplace and help prevent future price bubbles. The CFTC must quickly
approve a strong rule to protect America's struggling economy.
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. I am tired of
paying twice for everything -once when I buy it and twice when the
government gives my tax dollars to corporations as tax breaks or bailouts.
If you believe in free market capitalism then stop corporate welfare.
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.
Without real limits on the current speculative practices, these greedy
people will destroy America.
Sincerely,
Terry Cook
206 781 1909
