Comment Text:
10-002
COMMENT
CL-01343
From:
Sent:
To:
Subject:
[email protected]
Sunday, April 11, 2010 6:28 PM
secretary
Proposed Federal Speculative Position Limits
Dean Orfan
208 Scotia St., Apt. #2
Pittsburgh, PA 15205-2207
April 11, 2010
CFTC Comments
Dear CFTC Comments:
Common-sense regulations were the key to the U.S. attaining the most
successful economy of the 20th century. 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.
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.
Sincerely,
Dean Orfan
