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Comment for Proposed Rule 75 FR 80747

  • From: George Blume
    Organization(s):
    N/A

    Comment No: 34519
    Date: 2/19/2011

    Comment Text:

    Submitter Info:
    First Name: George
    Last Name: Blume
    Mailing Address: 905 North Cedar Park St
    City: Wichita
    Country: United States
    State or Province: KS
    Postal Code: 67235
    Organization Name: N/A

    It is insane to remove margin requirements for financial institutions in order to clear swaps. In the event of the collapse of a major financial institution, there would be a domino affect among all of the financial institutions with significant swap positions.

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