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Comment for Proposed Rule 76 FR 4752

  • From: John OBrien
    Organization(s):
    AARP
    Alumni New Jersey Institute of Technology

    Comment No: 33529
    Date: 3/28/2011

    Comment Text:

    Gambling in markets destroys Capitalism.
    The reason is 'Commingling of Funds' and the fundamental fact that Gambling Creates Nothing.

    Gambling Creates NOTHING!

    Wall Street Gamblers work with money that has been 'Sucked Across Undefended Boundaries'
    in a process that all bankers know is destructive and criminal. It is called 'Commingling of Funds'.

    When gamblers essentially say, "I betcha' five trillion Million gazilion dollars', sensible bookies
    rebuff them with "Show me your money"

    If these speculator gamblers dealt only with their own money they would quickly be
    * Out of Business OR
    * Responsibly hedging a given market.

    Currently the rules against 'Commingling of Funds' permit gambling with other people's money.

    This will destroy capitalism to the end that only Socialism can function.

    Rules will enable Capitalism to survive.

    Thank You
    John OBrien

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