Comment Text:
10-002
COMMENT
CL-00570
From:
Sent:
To:
Subject:
monzanet@yahoo, com
Thursday,
April 8, 2010
4:38 PM
secretary
Proposed Federal Speculative Position Limits
Deborah Friend
3 Crystal Lane
Newton, Nit 03858-4006
April
8, 2010
CFTC Comments
Dear CFTC Comments:
I am writing in strong 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.
Wall Street's speculative trading in oil not damages the economy, but
hurts every American who pays excessive prices at the pump, for groceries,
home heating oil and everything related to transportation.
American citizens' 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 strongly encourage the CFTC to adopt the Proposed Federal Speculative
Position Limits before volatile fuel prices further harm the country's
already weakened economy.
Sincerely,
Deborah Friend
