Comment Text:
I am writing at the request of my Senator, Bill Nelson who wrote:
"Despite a clear directive from Congress to rein in excessive speculation, our watchdogs in Washington seem to be listening more to Wall Street, and not acting quickly enough to protect American consumers. Consider: On any given day about half of the oil futures contracts are bought and sold by traders, not companies that use oil, like airlines and power companies. And the sky’s the limit when it comes to how much of the market traders can control.
To help stop the manipulation of commodities prices, send an e-mail now to the Commodity Futures Trading Commission - and tell the members to stop speculators from interfering with the price of food and energy. Tell the commissioners to stop listening to Wall Street lobbyists. Tell them to impose meaningful position limits."
I am doing as he asked and sending this email to you with a comment of my own. At a time when Americans fret about the worst economic downturn in memory, it's time the people who were hired to protect their interests start doing their jobs. It's time you paid attention to the citizens of this country and adopt stronger rules to protect them from rampant greed. Thank you for your attention to this matter.
