Comment Text:
10-002
COMMENT
CL-01231
From:
Sent:
To:
Subject:
[email protected]
Friday,
April 9, 2010 12:13 AM
secretary
Proposed Federal Speculative Position Limits
Bonnie Tyler
427 Wellesley Ave
Cincinnati, OH 45224-1450
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 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.
We have personally been on the receiving end of the wall street casino
seeing our savings reduced to nothing and discovering we were sold a
sub-prime loan when we really qualified for a prime.
I don't care if these guys want to gamble with their own money but not at
a cost to me and my family and the security of our country. If this
country is to regain its standing as a solid economy, there must be strict
rules and regulations governing risky behavior on the part of banks, wall
street and hedge fund operators. Enough is enough. We can't afford to
bail them out again for irresponsible behavior.
Sincerely,
Bonnie Tyler
