Comment Text:
10-002
COIMMENT
CL-00696
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 2:44 PM
secretary
Proposed Federal Speculative Position Limits
Kathleen Ash
10043 Silverton Ave.
Tujunga, CA 91042-2429
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. This rule will help provide more stability to the
marketplace and help prevent future price bubbles. The CFTC must quickly
approve stronger rules to protect American cunsumers and our economy.
Wall Street's speculative trading in oil hurts the economy and every
American who pays high prices at the pump, for groceries, home heating oil
and transportation costs.
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. And they
continue to do so.
I encourage the CFTC to adopt the Proposed Federal Speculative Position
Limits. Americans have lost confidence in the government to see that they
are treated fairly and honestly. If we wish to get the economy back on
it's feet, we need to see significant changes are made that will ensure
the reckless and irresponsible actions off Wall Street are stopped and
that in the future, they will be held responsible for their actions. We
need laws to assure this. Not just empty promises.
Sincerely,
Kathleen Ash
