Comment Text:
10-002
COMMENT
CL-02021
From:
Sent:
To:
Subject:
graybill 1 @att.net
Wednesday, April 14, 2010
3:08 PM
secretary
Proposed Speculative Position Limits on Energy
Glenn Graybill
6126 Yarmouth Dr.
Shelby Township, MI 48316-3370
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.
It seems like nearly everyone forgets that high oil prices started us down
the slope into the recession we are still in. Becasuse of high oil
prices created by unchecked speculation, the auto industry took a huge hit
and probably caused the "train wreck" in the housing industry to surface
sooner and harder than it was going to anyway.
I am not against making a profit. But, when a few individuals can reap
great wealth at the expense of everyone else in the US, something is
wrong. Isn't it time to realize that the greed of the few should not
outweigh the needs of the many????
Sincerely,
Glenn Graybill
5867261625
