Comment Text:
Submitter Info:
First Name: David
Last Name: Mondejar
Mailing Address: PO. Box # 517
City: Rosendale
Country: United States
State or Province: NY
Postal Code: 12472
The big banks and their allies are pushing for changes in the transparency requirements of Dodd-Frank that would throw important trades back into the shadows. Specifically, they are calling for exemptions for a very broad array of companies from the clearing and margin requirements of the act.
his is exactly the kind of murky shadow banking that led to the meltdown - as every objective observer of our present financial situation well knows. Please implement Dodd-Frank as written and do not give in to the pressure to weaken the legislation in the rulemaking process.
