Comment Text:
Submitter Info:
First Name: Mary Lou
Last Name: Wendtland
Mailing Address: 6348 Maywick Drive
City: Madison
State or Province: WI
Postal Code: 53718
Organization Name: Mary LouWendtland
mmodities Futures and Exchange Commission and tell him how important it is to say ?no? to the big banks and their billion-dollar loopholes!
Here?s how you can help:
1. Follow this link to submit your comment to the CFTC.
2. Cut and paste the SAMPLE COMMENT that follows this message into the comment box. Fill out all the required information. In the required field that asks for your ?Organization Name? please write your own name.
3. Click ?Submit.?
SAMPLE COMMENT:
Dear Chairman Gensler:
Re: End-User Exception to Mandatory Clearing of Swaps (RIN 3038-AD10)
Dodd-Frank already contains an exception for legitimate end-users, such as airlines and farmers, who are doing commercial hedging as part of their business from clearing and exchange trading requirements.
We must not broaden this narrow, commonsense exception to include financial and commercial institutions that want to gamble in the derivatives markets.
This is exactly the kind of murky shadow banking that led to the meltdow
