Comment Text:
10-002
COIMMENT
CL- 0 63 65
From:
Sent:
To:
Subject:
[email protected]
Tuesday, April 13, 2010 1:43 PM
secretary
Proposed Speculative Position Limits on Energy
David Kerrigan
5406 Duxford Place
Burke, VA 22015-1718
April 13, 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. The rule would (1) reestablish speculative position
limits on major energy commodities, (2) stabilize the marketplace, and
(3) help prevent future price bubbles.
The CFTC needs to approve a strong rule to protect America's struggling
economy now. Wall Street oil speculation hurts the economy,and it hurts
every American who pays too much for gas, food,, home heating oil and
transportation.
Market fundamentals don't explain the oil price swings. Rampant
speculation does--rampant speculation by the Wall Street firms that drove
the US economy into the ground and which we bailed out anyway.
Sincerely,
David Kerrigan
703-978-1458
