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Comment for Proposed Rule 75 FR 3281

  • From: Jeff Solomon
    Organization(s):

    Comment No: 3841
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03841
    From:
    Sent:
    To:
    Subject:
    Jeff Solomon
    Monday, January 25, 2010 4:48 PM
    secretary
    Forex Leverage Proposals
    #1) The NFA is regulating the forex dealers in US to make sure they have proper balance sheets.
    #2) The forex dealers I have all dealt with have computer programs that prevent accounts from going
    negative.
    #3) If you enact the 10:1 ratio and allow banks to do 100:1 that is a continuation of the incredible
    corruption and wealth descrepancy in the US. You will make the US regulating body (CFTC) look
    corrupt and bought off. I am absolutely appalled at this. In the past I had respect for the CFTC when
    Brooksley Born was working there. Now I really wonder about you guys? Bernanke and the whole
    class of clowns do not get it! This is not the 1920's. Get a clue! Your actions as well as the actions of
    the Federal Reserve are going to prolong this recession. Instead of going to 2018 1 am now extending
    my date out to 2022. Unbelievable!