Comment Text:
10-002
COIMMENT
CL-01166
From:
Sent:
To:
Subject:
[email protected]
Friday,
April 9, 2010 5:38 AM
secretary
Proposed Federal Speculative Position Limits
K Hockensmith
1304 Bellview St NE
Canton, OH 44721-2415
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.
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, etc., and financial services used by average Americans 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 the country's already
weakened economy.
Sincerely,
K Hockensmith
