Comment Text:
10-002
COMMENT
CL-00599
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010
4:08 PM
secretary
Proposed Federal Speculative Position Limits
Meryle A. Korn
5256 NE 47th Avenue
Portland, OR 97218-1966
April 8, 2010
CFTC Comments
Dear CFTC Comments:
I write to support of the CFTC's Proposed Federal Speculative Position
Limits. This legislation will reestablish speculative position limits on
major energy commodities and 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 and then used to award massive and
unearned bonuses to the executives of those corporations. The same
institutions gamble on oil and 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,
Meryle A. Korn
503-281-7475
