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Comment for Proposed Rule 77 FR 41213

  • From: Lindy Rogers
    Organization(s):
    self

    Comment No: 58513
    Date: 8/27/2012

    Comment Text:

    Dear Commissioners,

    As you surely are aware, unregulated and secret derivitave trading was one of the aspects in the crash of our economy. It is therefore urgent that such trading be transparent and that any loopholes allowing such trading to escape ovrsight by way of corporations outside the U.S. be closed. Already it is apparent that the criminals who made millions, if not billions, in shorting naked stock, selling worthless securities, and falsifying mortage documents are not going to be prosecuted by the lame, ineffective Justice Department. Therefore, there has to be some way to make these bankers and brokers accountable. Please do all you can to strengthen your guidelines and prevent foreign affiliates from being able to skirt the Dodd-Frank provisions. History shows that our economy prospers from wise regulatory practices and suffers when people are allowed to do whatever they want at cost to the American people. My own son lost his house thanks to the problems brought on by "too big to fail" banks and unscrupulous bankers. Please do all you can to protect consumers from more problems.

    Sincerely,

    Mrs. Lindy Rogers

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