Comment Text:
10-002
COMMENT
CL-00854
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 2:08 PM
secretary
Proposed Federal Speculative Position Limits
Carol Gilster
16 Garden Lane
Kirkwood, MO 63122-2636
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 major
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 only hurts t~e economy, but
hurts every American who pays excessive prices at l~e pump, for groceries,
home heating oil and everyl~ing related to transportation.
Our tax dollars were used to bail out large Wall Street firms when they
were on l~e brink of bankruptcy. It is these same institutions who gamble
on oil and who 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 t~e country's already
weakened economy.
Sincerely,
Carol Gilster
