Comment Text:
10-002
COMMENT
CL-01202
From:
Sent:
To:
Subject:
ehrmail@yahoo, com
Friday, April 9, 2010 1:53 PM
secretary
Proposed Federal Speculative Position Limits
R. Ehr
2839 N Summit Ave.
Milwaukee, WI 53211-3439
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 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 the economy, but
hurts every American who pays excessive prices at the pump, for groceries,
home heating oil and everything related to transportation.
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.
I encourage the CFTC to adopt flae Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country's already
weakened economy.
Through relaxing and eliminating regulations meant to protect the
integrity and healfla of the economy, Our elected representatives have let
down their constituents. It is time to once again put strict regulation in
place or we may face again the same implosion of the economy flaat has hurt
so many hard working American citizens. The second part of flae picture is
to get lobbyists and corporate money out of the politics in Washington DC.
Corporate lobbyists are part of the reason flaat pushed deregulation for
quick gain at flae Countries expense. Now is the time to correct these
problems. I depend on you to do what is right for all of "us", not just
for quick profits for the corporations flaat flood Washington DC with
money.
Sincerely,
R. MichaelEhr
4149628515
