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Comment for Proposed Rule 75 FR 80747

  • From: John Faust
    Organization(s):

    Comment No: 34570
    Date: 2/18/2011

    Comment Text:

    Submitter Info:
    First Name: John
    Last Name: Faust
    Mailing Address: 3327 Eagle Ridge Drive
    City: Sierra Vista
    Country: United States
    State or Province: AZ
    Postal Code: 85650-6631

    It is imperative that the banking industry not return to the casino behavior that was instrumental in creating the current recession -- a recession all of us (except the high rollers) are struggling to recover from. As long a they are too big to fail, there is no reason for them to abandon high risk strategies that contribute nothing real to the economy. It is certainly not necessary to extend the exceptions in any way that will allow this kind of behavior.

    Thanks for your consideration.

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