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Comment for Proposed Rule 76 FR 4752

  • From: Elaine O'Carroll
    Organization(s):

    Comment No: 42319
    Date: 4/29/2011

    Comment Text:

    Dear Commissioners,
    I urge you to strongly support the Position Limits for Derivatives (RIN 3038-AD15 and 3038-AD16) rules in order to help the American taxpayers who are at the mercy of Oil and Commodity speculators. The markets for these commodities are being manipulated by hedge fund managers, oil companies, bankers, etc. to the detriment of consumers. We are paying exorbitant prices for gas these days while speculators and oil companies are making record profits. The "talking heads" are blaming supply shortages for the current gas prices. If that were truly the case, oil companies would not be reporting the record profits that they have reported for this quarter. There are too many citizens without jobs and our economy is too fragile for this "business as usual" attitude to continue. You were placed in a position of trust to help American consumers. Please do not yield to the pressure of these greedy people and do the job that you were entrusted to do.

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