Comment Text:
10-002
COMMENT
CL-00454
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 11:53 AM
secretary
Proposed Federal Speculative Position Limits
Richard W. Firth
10111 Holly Road
Mechanicsville, VA 23116-4005
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.
Therefore 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,
Richard W. Firth
804-559-0746
