Comment Text:
i0-001
COMMENT
CL-03927
From:
Sent:
To:
Subject:
nick stach
Monday, January 25, 2010 9:42 PM
secretary
RIN 3038-AC61
RIN
3038-AC61
Dear David Stawick:
While I believe the intentions of RIN 3038-AC61 were to protect consumers from predatory banking services,
limiting how and what traders can trade will only hurt our economy. Here are some other thoughts.
-Many people, me included, rely on retail forex trading for either some or part of their income. This ruling
would hurt those people.
-This ruling makes no concessions for those who are responsible vs. those who are irresponsible. It would be
similar to a bank not giving anyone a loan ever again simply because of a few bad apples.
-We need all the jobs and financial mechanisms we can get right now to help America recover. I believe that
these regulations would hurt both of these causes by limiting how much people can make and how they can
earn a living.
-If you would like to do something to help the American people, please audit the Federal Reserve. I believe then
Ben Bernanke and the Fed have done much more to hurt our economy. If we audit banks and small businesses,
why cannot we audit the vehicle which drove us over the cliff of financial ruin?
Please, spend your time fixing the Fed, and leave the small, independent, traders alone. Please scrap RIN 3038-
AC61.
Thank you for your time.
Nick Stach
31060 435th Ave.
Yankton, SD
57078
