Comment Text:
10-002
COMMENT
CL-01157
From:
Sent:
To:
Subject:
lynnc 1228 @earthlink. net
Friday, April 9, 2010 12:48 AM
secretary
Proposed Federal Speculative Position Limits
Lynn Cascio
150 Main St.
Huntington, NY 11743-6983
April
9, 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 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 the economy, but
hurts every American who pays excessive prices at the pump, for groceries,
home heating oil and everything related to transportation.
Americans are tired of working harder and harder (when they can find jobs
at all!) while wealthy power brokers act in ways that cause financial
hardship and ruin for millions of others who have absolutely no say, and
in fact whose taxpayer dollars wind up bailing out the guilty parties.
Thank you.
Sincerely,
Lynn Cascio
6314217632
