Comment Text:
10-002
COMMENT
CL-01948
From:
Sent:
To:
Subject:
j [email protected]
Wednesday, April
14, 2010 9:04 PM
secretary
Proposed Speculative Position Limits on Energy
John Daly
404 Bradford Drive
Brandon, MS 39047-8008
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. This rule will provide stability. There isn't a
great deal that we can do about price setting of oil prices by other
nations we buy from, but why in the world would we risk an economic
nightmare by oil speculators rolling the dice in our own country. What
would our economy look like today if oil prices shot up to over $4 a
gallon at the same time the real estate mortage bubble collapsed. Even
though Wall Street greed was behind most of the recent recession our
congress has done almost nothing to prevent another fiasco such as this by
tightening regulations governing insured banks and Wall Street.
Sincerely,
John Daly
601-992-1299
