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Comment for Proposed Rule 76 FR 4752

  • From: Lionel Monty
    Organization(s):

    Comment No: 49617
    Date: 9/29/2011

    Comment Text:

    It is enough that consumers have to deal with the profits that importers, wholesalers and retailers make on the goods that we buy.
    Why are speculators in all types of goods allowed to drive up the prices by bidding on goods of all types to make more of a profit. As anyone in business knows that old adage "THERE IS NO FREE LUNCH" it all trickles down to the end consumer. This means we pay more for what we buy even though the actual costs of getting the products to market has NOT increased. It is quite enough to have prices increase when the actual end product becomes more costly to bring to market, let alone some greedy speculator getting involved. Why are there not protections in place to prevent these same speculators from forcing an artificial or "ghost" cost on products? One that has nothing to do with the actual cost of the product itself. Can anyone in your offices answer that question? Or is it one of those political footballs no one wants to touch? Thank you for your time to read this.

    BUD

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