Comment Text:
Please direct this message to Chairman Gary Gensler and all commissioners.
Despite a clear directive from Congress to rein in excessive speculation, our watchdogs in Washington seem to be listening more to Wall Street, and are not acting quickly enough to protect American consumers. 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. The sky is the limit when it comes to how much of the market traders can control.
To help stop the manipulation of commodities prices, I would like the Commodity Futures Trading Commission to stop speculators from interfering with the price of food and energy. Their greed is causing all tax payers severe daily hardships that we will not recover from in my time or for my children. We have all been playing by the rules and it is time for the commissioners to start doing the same......stop listening to Wall Street lobbyists and instruct them to impose meaningful position limits. It is the right thing to do for all Americans.
Phyllis Marks
850.907.0687
Sent from my iPad
