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Comment for Proposed Rule 75 FR 80747

  • From: Jean Kendall
    Organization(s):
    Jean D. Kendall

    Comment No: 35057
    Date: 2/18/2011

    Comment Text:

    Submitter Info:
    First Name: Jean
    Last Name: Kendall
    Mailing Address: 3081 Littlefield Cove
    City: Memphis
    Country: United States
    State or Province: TN
    Postal Code: 38119
    Organization Name: Jean D. Kendall

    We must not broaden this narrow, commonsense exception to include financial and commercial institutions that want to gamble in the derivatives markets. Doing so would allow systemically important companies to enter into risky trades in a market with zero transparency and accountability.

    This is exactly the kind of murky shadow banking that led to the meltdown - as every objective observer of our present financial situation well knows. Please implement Dodd-Frank as written and do not give in to the pressure to weaken the legislation in the rulemaking process.

    Thank you!

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