Subject: File No. S7-08-07
From: Dick Fuld
Affiliation: I Have A Big Pension

May 24, 2012

I do not think you are setting a very good example to broker-dealers by allowing the entire senior management team of Lehman walk away scott-free.

The Commission has good lawyers, and should take the Lehman cases (and all the other financial meltdown cases) to trial. Few events so profound escape the scrutiny of a trial.

Everyone is worse off than they would have been, if not for the actions of the senior management of the trading banks in 2008.

You have to do better than this.

http://www.bloomberg.com/news/2012-05-24/sec-staff-said-to-end-lehman-probe-without-recommending-action.html