Comment Text:
10-002
COMMENT
CL-02499
From:
Sent:
To:
Subject:
kathyharter@aol, com
Thursday, April 15, 2010 3:54 PM
secretary
Proposed Speculative Position Limits on Energy
Kathy Harter
1088 Bishop Street, #1301
Honolulu, HI 96813-3118
April 15, 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 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 that are
gambling on oil and continue to profit at every American's expense.
Speculation on a commonodity needed for everything from heating a home to
transportation to get to work has to be strongly regulated. We've seen the
catastrophe that results from lax regulation and enforcement.
Sincerely,
Kathy Harter
8085310714
