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Comment for Proposed Rule 75 FR 4143

  • From: Joseph Walsh
    Organization(s):

    Comment No: 16931
    Date: 4/19/2010

    Comment Text:

    10-002
    COMMENT
    CL-07931
    From:
    Sent:
    To:
    Subject:
    loyallaker@juno, com
    Monday, April 19, 2010 2:20 AM
    secretary
    Proposed Federal Speculative Position Limits
    Joseph Walsh, Jr.
    1575 Colby St.
    Haslett, MI 48840-8430
    April
    19, 2010
    CFTC Comments
    Dear CFTC Comments:
    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 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.
    Sincerely,
    Joseph Walsh, Jr.