Comment Text:
10-002
COMMENT
CL-02869
From:
Sent:
To:
Subject:
[email protected]
Tuesday, April 13, 2010 2:28 PM
secretary
Proposed Speculative Position Limits on Energy
William VAUGHN
680 Edmonds AVE NE
Renton, WA 98056-3680
April 13, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
As a public entity risk manager, 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.
As a matter of public policy, it is irrational to continue to facilitate a
massive transfer of wealth from American energy consumers to large Wall
Street trading firms who have the motive and the means to exploit the
market for trading profits. Limiting trading positions to real physical
players such as fuel cooperatives, public utilities, truckers and airlines
is the only sustainable course of action.
Sincerely,
William S. VAUGHN, ARM
360 270-5022
