Comment Text:
10-002
COMMENT
CL-00354
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 118 PM
secretary
Proposed Federal Speculative Position Limits
Sue Stewart
3205 84th Avenue SE
Mercer Island, WA 98040-3017
April 8, 2010
CFTC Comments
Dear CFTC Comments:
Wall Street's speculative trading in oil not only hurts the economy, but
hurts every American who pays excessive prices at the pump, for groceries,
home heating oil and everything related to transportation.
I encourage the CFTC to adopt the Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country's already
weakened economy.
There were hints in 2003 that the derivitives markets were going to cause
problems. The sub-prime mortgage industry and other speculative back-room
type processes can not be allowed to create another financial crisis.
Please have Congressional bills work across the board to create a
regulatory environment that protects citizens, allows for commerce without
risk.
Sincerely,
Sue Stewart
2062327402
