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I mean if the american people can't grab that and the severity of this i don't know what it's going to take. now do you think that gas prices would fall as soon as position limits are put into place? >> i think gas prices would fall if position limits were put into place but frankly the president has the power of the bully pulpit here. if he calls out these big banks who haíe!already taken so much from the american people in the bailouts in the great interest rates, low interest rates they have to pay in their gambling and stock markets, jamie dimon just got a $23 million bonus the ceo of jp ...

Where the president was on position limits. he said he didn't. where do you stand on position limits? where should the president stand on position limits? >> i think the president's moving in the right direction on this. i think that he wants to put somebody strong to replace dunn on the commission. i think he's empowered gents ler of the cftc to be aggressive. i know he's fighting for the budget as we are to make sure once the rules are in place, that the budget is enough, that they can go after -- you know, bring them out of the dark, these speculators, and make sure that they in fact can go...

Limits? where should the president stand on position limits? >> i think the president's moving in the right direction on this. i think that he wants to put somebody strong to replace dunn on the commission. i think he's empowered gents ler of the cftc to be aggressive. i know he's fighting for the budget as we are to make sure once the rules are in place, that the budget is enough, that they can go after -- you know, bring them out of the dark, these speculators, and make sure that they in fact can go after what they need to. it's not just oil prices. it's grain prices. speculators can make a ...

Are not fully done yet. the rules aren't fully promulgated yet. the republicans are trying to block that. once we get those rules in place and with people -- you know, they go after the elizabeth warrens and people like this that want to enforce the rules, want to protect consumers. the republicans' goals is to stop them from serving in government. if you can't stop them from serving, you take away -- you blunt their rules, the tools they have. and if you can't do that, you cut their funding. we've got to make sure this is funded. >> okay. it's not supply and demand, agreed? >> of course -- of...

3.56 is the average price per gallon now. is this just the worst is yet to come? >> well, prices look like they are going to increase. again, thomas, we aren't price setters. our job is to ensure that the markets are free, fair and they operate efficiently and effectively. that's what i'm concerned about now, that we have appropriate limit sos somebody with a large footprint in the markets, a huge position. 15, 20% of a market can't contort prices and push them up. as i say, i think speculators are having an influence and tapping on the gas pedal. we need to get position limits in place. we ne...