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Comment for Proposed Rule 76 FR 58176

  • From: Robert Overstreet
    Organization(s):
     REtired Homebuilder, California Licensed General Contractor, and member of AARP

    Comment No: 48511
    Date: 10/7/2011

    Comment Text:

    I am concerned by the possiblilty that low Margin requirements in the trading of Commodities allow market manipulations. The issue as I see it is the apparent lack of correlation in the Supply and Demand relationship between Producers and Consumers.

    This mechanism should not be used by Government to manipulate the public's perception of certain commodity prices in an attempt to cut down on consumption. The best way to attain that result would be to impose taxes on the consumption of the subject commodity, and thus decrease the overnment's deficit.

    Thank you
    Robert Overstreet
    Citizen

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