Comment Text:
10-002
COMMENT
CL-00423
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 11:53 AM
secretary
Proposed Federal Speculative Position Limits
Bob Delaney
4531 Candleglow Dr.
St. Louis, MO 63129-1703
April 8, 2010
CFTC Comments
Dear CFTC Comments:
I am writing you today in support of the CFTC's Proposed Federal
Speculative Position Limits that will reestablish speculative position
limits on major 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,
Bob Delaney
