Comment Text:
i0-001
COMMENT
CL-07069
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RSolom6801 @aol.com
Friday, March 12, 2010 10:35 PM
secretary
cftcfeedback@fxdd, com
Regulation of Retail Forex
David:
The maximum leverage restriction for FOREX is just a bad, bad idea. Where does this kind of lunacy stop? Let's
just cut to the chase and eliminate all risk in life - we'll tax everyone out of their savings and place them in low risk
government approved investments they can draw upon in old age if they live long enough. The next 20 years will
be a great object lesson in how well that worked. What government department is going to protect me on that
one? Examples abound - it's obvious how well government risk minimization legislation works, it's done wonders
for banks lately. Of course we all know the real problem was not enough legislation. If we can just pass enough
laws no one will ever lose money. Don't get me started.
No offense David, I'm sure you must have done something nice for some political patron somewhere to have the
job you do, but I don't need some suit in DC telling me what I can and can't do with my money. Rather than
unload ridiculous edicts on folks I'd suggest you'd be better served if everyone in your office read
The Wealth of
Nations
two or three times.
Robert Solomonic
RIN 3038-AC61
