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Comment for Proposed Rule 75 FR 80747

  • From: James Ascher
    Organization(s):

    Comment No: 34781
    Date: 2/18/2011

    Comment Text:

    Submitter Info:
    First Name: James
    Last Name: Ascher
    Mailing Address: 1222 Algarita Ave #316
    City: Austin
    Country: United States
    State or Province: TX
    Postal Code: 78704

    Financial transactions are far too important for the marketplace to have anything approaching free rein. Regulations are necessary and proper for the orderly and just conduct of government, society, and business.

    I urge you, in the strongest possible terms, to keep a tight leash on the financial industry. Having a casino-type environment makes it impossible to rely on financial guarantees or fiduciary responsibility. Too big to fail is too big to exist. Keep the financiers in line and the whole country benefits!

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