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Comment for Proposed Rule 75 FR 4143

  • From: Carol McGeehan
    Organization(s):

    Comment No: 9981
    Date: 4/8/2010

    Comment Text:

    10-002
    COMMENT
    CL-00981
    From:
    Sent:
    To:
    Subject:
    cmcgeeha@davenport,
    edu
    Thursday, April 8, 2010 5:13 PM
    secretary
    Proposed Federal Speculative Position Limits
    Carol McGeehan
    568 West 31 st
    Holland, MI 49423-7218
    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.
    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.
    Sincerely,
    Carol McGeehan