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Comment for Proposed Rule 75 FR 4143

  • From: Solomon Wank
    Organization(s):

    Comment No: 12414
    Date: 4/13/2010

    Comment Text:

    10-002
    COMMENT
    CL-03414
    From:
    Sent:
    To:
    Subject:
    solomon.wank@fandm, edu
    Tuesday, April 13, 2010 12:19 PM
    secretary

    Proposed Federal Speculative Position Limits
    solomon Wank
    336 North Christian Street
    Lancaster, PA 17602-4902
    April
    13, 2010
    CFTC Comments
    Dear CFTC Comments:
    Talking Points
    Click the red arrow to select any of the following text for inclusion in
    your message. I am writing in support of the CFTC's Proposed Federal
    Speculative Position Limits that will reestablish speculative position
    limits on major 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 who gamble on oil and who
    continue to profit at every American's expense. I encourage the CFTC to
    adopt the Proposed Federal Speculative Position Limits before volatile
    fuel prices further harm the country's already weakened economy.
    Yours sincerely,
    Barbara Wank
    Sincerely,
    solomon Wank