Comment Text:
10-002
COMMENT
CL-01760
From:
Sent:
To:
Subject:
[email protected]
Wednesday, April 14, 2010 2:13 PM
secretary
Proposed Speculative Position Limits on Energy
Marcine Peters
2512 Gettysburg P1
Bedford, TX 76022-7707
April 14, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
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.
Speculations drive a "house of cards" economy. As a consumer, I am a real
person who lives a real life. I would appreciate living in a "real"
economy rather than one that is driven by "if", "perhaps", "would-be". We
are an economy established on credit and speculation - no grounding which
means that we will never have a healthy economy unless our government
takes steps to close some big holes that allow most of us to live in a
position of helplessness. A healthy economy will not exist unless people
can "plan" for tomorrow. I used to plan my budget but our government has
allowed things to get so out of control with the national budget that I am
unsure of my own expenditures. It is easier at this point to not spend
anything unless strictly necessary. The price of fuel, not based on
anything except "air", is driving the consumer "no spending".
We were once based on a "gold" monitary system. We are now based on a
"Wall Street" system which the government cannot allow to fail but which
does not care what happens to the populace of this country. Wall Street
should face the reality of their actions rather than being protected by
our government from any consequences resulting from their actions. We
bailed them out for their irresponsible decisions -just because you "can"
do something because it is legal, does not make it the "right" thing to do
for you, your company or your country. Wall Street and the government is
supposed to be made up of people with the best education, but they are
only proving that education seems to create more greed and self-service
than anything else - that is not the message that should be sent to our
children and grandchildren.
Also, may I suggest you have some form of enforcement in this policy -
like requiring some form of audit to be done by a responsible company10-002
COMMENT
CL-01760
rather than an overburdened government ~vhich seems to have more "meeting"
than "enforcement" money.
This action is one more step to a responsible, accountable group of people
~vho are controlling one piece of our economy. It could also be the
"~varning" to the rest of the economic community that their actions are
being observed.
Thank you.
Sincerely,
Marcine Peters
817-283-2158
