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Comment for Proposed Rule 79 FR 71973

  • From: EDWARD CIACCIO
    Organization(s):
    NONE

    Comment No: 60131
    Date: 12/30/2014

    Comment Text:

    Despite being an investor in the stock and bond market, I strongly believe that speculation must be reined in and regulated.

    Dodd-Frank should have been strengthened, not weakened. The recent repeal of Section 716 of Dodd-Frank, which makes taxpayers responsible now for the trillion or so in shale-oil related derivative paper through the FDIC, is a despicable outrage.

    The Glass-Steagall Act should be reinstated and strengthened.

    Apparently, nothing positive nor responsible was learned from the 2008 economic collapse.

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