Comment Text:
You are allowing speculators to play games in the marketplace. Allowing them to wildly bid up the price for everyday item we need like wheat, gasoline and heating oil is not acceptable.
Despite a clear directive from Congress to rein in excessive speculation, you 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.
Stop speculators from interfering with the price of food and energy. Stop listening to Wall Street lobbyists and impose meaningful position limits.
You guys are as big a part of what ails this country as anything I can think of.
Get your act together.
Bill Bohannon
