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Comment for Proposed Rule 75 FR 80747

  • From: JOHN UNDERWOOD
    Organization(s):

    Comment No: 34660
    Date: 2/18/2011

    Comment Text:

    Submitter Info:
    First Name: JOHN
    Last Name: UNDERWOOD
    Mailing Address: 62 NORMAN AVE
    City: BROOKLYN
    Country: United States
    State or Province: NY
    Postal Code: 11222

    The financial services industries, hedge funds, banks and Wall Street have practically destroyed the nation's economy with manipulative, deceptive, speculative schemes which have no benefit for the country as a whole and are simply for personal enrichment. These activities do not create wealth, and produce nothing of value. Naked credit default swaps should be banned immediiately and all these institutions should be regulated for the public interest only. Deregulation has failed and it's time to put an end to it.

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