Comment Text:
i0-001
COMMENT
CL-06571
From:
Sent:
To:
Subject:
[email protected]
Monday, March 8, 2010 4:37 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Sir-
It
would stand to reason that now we find our goverment officials working to ensure capital
ratios are properly maintained. The entire financial universe just about collapses under the
weight of magical CDOs nobody understand and the bankers inability to maintain proper
capital bases for the risks they took. Here in the currency market, we see organizations fully
capable of ensuring capital is properly available to support leverage as used in these
transactions. VVhy do you all feel you have to protect us? Go protect the banks who can
create rediculous products, sell them to the investing public and walk away. The idea to alter
existing leverage ratios is another insult to the American people. Please reconsider.
Sincerely,
John McCaslin
6544 N. Upton Ct.
Nashville TN 37209.
