Comment Text:
Position limits on trading are needed. A limit of 1500 contracts would be reasonable. When you see banks buying 6000 contracts at a time, you think of manipulation. Banks should stick to banking. There is no easy money, they need to be completely honest in their dealings. I think they have forgotten that. Enron fell because of fancy trading. Consumers in California suffered as a result. There was no action that I know to stop that. Now the same type of clever trading seems to exist in large New York banks. Position limits would stop that abuse.
