Comment Text:
Your Commission should PROTECT THE AMERICAN PUBLIC from corruption and fraud. Wheeler-dealers have been hurting the American people. I CALL UPON YOUR COMMISSION TO DO YOUR JOBS AND PROTECT US.
The premise of capitalism is based on people making HONEST profits and taking financial risks. Instead, they are "gaming the system" and taking RECKLESS RISKS -- and then making taxpayers bail them out when they lose. They keep the profits for themselves but "externalize" their losses onto the general public.
YOU MUST STOP THEIR ABUSES!
I call upon you to VIGOROUSLY REGULATE the $700 TRILLION global derivatives market.
Create STRICT STANDARDS.
MONITOR behavior.
ENFORCE laws and regulations.
Your current proposal allows MANY LOOPHOLES that could allow foreign affiliates of Wall Street banks to escape regulation. THIS IS NOT ACCEPTABLE!!!!!!!!!!!
Big U.S. banks and other major U.S. derivatives users are global corporations with hundreds or even THOUSANDS of foreign affiliates. WE ABSOLUTELY MUST REGULATE THEM EVERYWHERE IN THE WORLD!!!!!!!
Misbehavior, corruption and fraud ANYWHERE IN THE WORLD directly hurts the American people and the people of other nations.
YOU ARE RESPONSIBLE TO KEEP THEM HONEST!!!!!!!!! I implore you to DO YOUR JOB.
You ABSOLUTELY MUST make this guidance stronger to ensure that new Dodd-Frank derivatives protections will directly apply to the full global activities of ALL participants in the U.S. derivatives markets.
