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Comment for Proposed Rule 75 FR 80747

  • From: Patrick Bolger
    Organization(s):

    Comment No: 34201
    Date: 2/21/2011

    Comment Text:

    Submitter Info:
    First Name: Patrick
    Last Name: Bolger
    Mailing Address: 4 Great Meadow Road
    City: Holliston
    Country: United States
    State or Province: MA
    Postal Code: 01746

    Please implement the Dodd-Frank Wall Street reform bill as written and within the spirit of that law.

    In particular, trading in derivatives needs to be open and transparent. Legitimate exceptions for parties that actually use derivatives to hedge real-world business risks might be permissible. However, turning derivatives into yet another craps table in the financial industry casino is one of the major elements that brought our economy to the brink in 2008.

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