Comment Text:
i0-001
COMMENT
CL-07455
From:
Sent:
To:
Cc:
Subject:
D Bro
Sunday, March 14, 2010 10:32 AM
secretary
[email protected]
New Regulations
Dear Sir;
Why do you find it important to lower leverage now when this issue is just a smoke screen to screw the small
time guys and not go after the people who need to be watched.
I urgently advise you get counsel and listen to the advice of former CFTC Brooksley E. Born. While she was head
of the CFTC she tried to get a number of all the derivatives and met with strong opposition from all the players
including Greenspan. THE BIG GUYS MUST BE DEALT WITH FIRST!!!
What major problems have you had with a 100:1 leverage that already exists? Probably
very little. To reduce it to 10:1 would reduce the market to mostly big time players who would even more easily
manipulate the market. Why encourage that?
The more participants the freer the markets.
Sincerely,
David Brooke
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