Comment Text:
10-002
COMMENT
CL-00398
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 12:44 PM
secretary
Proposed Federal Speculative Position Limits
Herman Rhein
PO Box 2258
South Padre Island, TX 78597-2258
April
8, 2010
CFTC Comments
Dear CFTC Comments:
I am writing in support of the CFTC's Proposed Federal Speculative
Position Limits that will reestablish speculative position limits on maj or
energy commodities. This rule will provide stability to the marketplace
and help prevent future price bubbles. The CFTC must quickly approve a
strong rule to protect America's struggling economy. 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. Our tax dollars were
used to bail out large Wall Street firms when they were on the brink of
bankruptcy. It is these same institutions who gamble on oil and who
continue to profit at every American's expense. I encourage the CFTC to
adopt the Proposed Federal Speculative Position Limits before volatile
fuel prices further harm the country's already weakened economy.
Sincerely,
Herman Rhein
