Comment Text:
10-002
COMMENT
CL-00465
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 3:03 PM
secretary
Proposed Federal Speculative Position Limits
Bob Fay
4000 24th St. N., Lot 1108
St. Petersburg, FL 33714-4073
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.
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 Fay
