Comment Text:
10-002
COMMENT
CL-00506
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 6:04 PM
secretary
Proposed Federal Speculative Position Limits
Pamela
Weil
24 Valley View Circle
Bellingham, WA 98229-2745
April
8, 2010
CFTC Comments
Dear CFTC Comments:
Brooksley Born sounded the alarm about derivatives and her warnings were
squashed by Alan Greenspan and his minions. That Mr. Greenspan later saw
the error of his ways, too late, should make the CFTC's Proposed Federal
Speculative Position Limits a minimal response.
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. 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.
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.
Sincerely,
Pamela Weil
