Subject: File No. S7-08-09
From: Robert C Laird
Affiliation: CPA

May 8, 2009

From my prospective, after the bad sub-prime loan problem, which the regulators should have never allow to happen, the next largest problem is the "casino gambling" underway in the financial markets. Of course, the largest problem is the credit default swaps. Short selling falls into this category. I believe a "back to basics" approach to the financial markets is needed. Any produce which has a zero sum should be eliminated.