Comment Text:
10-002
COMMENT
CL-00630
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 12:03 PM
secretary
Proposed Federal Speculative Position Limits
Karen Hedwig Backman
31010 18th Ave S Apt 4
Federal Way, WA 98003-4934
April 8, 2010
CFTC Comments
Dear CFTC Comments:
I support of the CFTC's Proposed Federal Speculative Position Limits to
reestablish speculative position limits on major energy commodities. This
will provide stability to the marketplace and help prevent future price
bubbles. A strong rule must be adopted immediately to protect America's
struggling economy.
Wall Street's speculative trading in oil gravely harms America's economy.
It hurts every American who pays excessive prices at the pump, for
groceries, home heating oil and everything related to transportation.
My tax dollars were used to bail out large Wall Street firms when they
were on the brink of bankruptcy. These are the same institutions who
gamble on oil -- who continue to profit at every American's expense.
I urge that the CFTC adopt the Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country's already
weakened economy.
Sincerely,
Karen Hedwig Backman
2539463472
