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Comment for Proposed Rule 76 FR 4752

  • From: Jim
    Organization(s):

    Comment No: 49199
    Date: 9/26/2011

    Comment Text:

    Hello James Grove Here.

    My wife and I are tax payers that live on fixed incomes and it has become almost impossible to keep up with the rising prices in the supermarkets & at the gas pump and the extreme price hikes on commodities that has been going on for the last two years and are now completely out of control. We just can not afford to make the rich wall street people even richer while we starve and have to scrape out a meager living. The tax payers have already bailed out the bankers on wall street once and thanks to Republican Scott Brown they will never pay back the 90 billion that taxpayers are now on the hook for. This should have been enough money for the wall street crowd to steal & split up with their rich lobbyists friends.

    Would you please start following the clear directive from Congress to rein in excessive speculation, and stop listening more to Wall Street, and act quickly to protect the 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 has become the limit when it comes to how much of the market traders can control. This type of speculation must stop.

    I'm Begging the Commodity Futures Trading Commissioners and members to Stop listening to Wall Street lobbyists and Stop the Manipulation of Commodities Prices, and Stop Speculators from Interfering with the price of food and energy. Please impose meaningful position limits ASAP.

    Regards,

    Linda and James Grove
    4515 Sandwedge Ct.
    Leesburg, Fl. 34748


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