Comment Text:
i0-001
COIMMENT
CL-02926
From:
Sent:
To:
Subject:
paul
Friday, January 22, 2010 6:07 PM
secretary
Regulation of Retail Forex
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21st Street, NW,
Washington, DC 20581
Jan 22, 2010
RE: RIN 3038-AC61
I appreciate any action that can restore financial stability to our world. However, I do not believe that the goal
will be touched much less met by reducing RETAIL leverage from 100:1 to 10:1. You are talking small bags of
peanuts in the midst a national level wholesale food distribution center. When Goldman, using (almost) free
money from the FED, places huge trades that cannot be easily turned around in increasingly volatile markets,
they panic. When they panic, the rest of us get more regulation and they get bailed out. It is the size of the
leveraged bet, not the leverage alone that gets us in trouble.
This regulation is not good and will only create LESS tax revenue and drive business overseas creating even LESS
tax revenue and jobs.
JUST SAY NO TO
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Thank you,
Paul Terwilliger
