Comment Text:
10-002
COMMENT
CL-00499
From:
Sent:
To:
Subject:
powersmartin@ sbcglobal.net
Thursday, April 8, 2010
12:18 PM
secretary
Proposed Federal Speculative Position Limits
Martin Powers
6330 Washington
Chicago Ridge, IL 60415-1510
April
8, 2010
CFTC Comments
Dear CFTC Comments:
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 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.
Sincerely,
Martin Powers
773-645-0732
