Comment Text:
i0-001
COMMENT
CL-05296
From:
Sent:
To:
Subject:
John Byrd
Wednesday, February 10, 2010 10:28 AM
secretary
Reg retail Forex
Look at the causes of the problem at hand. Easy credit for truly unqualified home buyers pushed
by government representatives who erroneously believed everyone deserves to own a home. Too high a
percentage exposure of total bank capital, deposits and reserves to high risk financial products pushed by
the banking industry bought by the naive public.
As a retail trader, I have been taught to risk no more than 2% of risk capital on any one trade and risk
capital being no more than I can afford to comfortably lose and walk away from and maintain my
responsibilities. ~ responsibilities not my government's.
Limiting traders to a risk ratio of 10 to 1 on individual trades is ludicrous, it misses the point and sends
traders elsewhere to do business.
Taxpayer,
John Byrd
