Comment Text:
10-002
COMMENT
CL-00457
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010
3:08 PM
secretary
Proposed Federal Speculative Position Limits
Richard DiMatteo
236 Kalmia #107
San Diego, CA 92101-1541
April 8, 2010
CFTC Comments
Dear CFTC Comments:
I fully support the CFTC's Proposed Federal Speculative Position Limits
reestablishing speculative position limits on major energy commodities.
This rule will stabilize the marketplace and help prevent future price
bubbles. The CFTC must quickly approve a strong rule to protect America's
struggling economy.
Wall Street speculation involving 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.
Federal funds were used to bail out large Wall Street firms and haul them
from 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,
Richard DiMatteo
619-234-0236
