May 8, 2009
I SAT AND WATCHED AS MY RETIREMENT INVESTMENTS FALL OFF A
CLIFF SO TO SPEAK IN THIS DOWNTURN.NOW YOU WANT TO TAKE AWAY THE FREEDOM OF A TOOL THAT CAN GIVE ME THE FREEDOM
OF INVESTING IN A WAY THAT GIVES ME SOME LEAVERAGE IN THAT
TYPE OF MARKET.THESE COMPANIES MANIPULATE THERE OWN EARNINGS FOR BONUSES AND STOCK OPTION EXECUTIVE PERSONAL
GAIN.BANKS AND SECURITY FIRMS ALIKE SELL MUTUAL FUNDS TO
THIER CUSTOMERS FOR THEIR OWN INTERESTS NOT THE INTERESTS
OF THE CUSTOMER.THE BIGGEST FIRMS ARE THE MOST GIULTY.
NOW YOU WANT TO LIMIT MY LEVERAGE TO PERSONALY MANAGE MY
OWN INTERESTS.SHORT SELLING IS NOT WHAT BROUGHT THIS ECONOMY DOWN.GREED BROUGHT THR ECONOMY DOWN.POOR MANAGEMENT BROUGHT THESE COMPANIES DOWN.IF THE SEC WANTS
TO FIX THE PROBLEM LETS PUT SOME RULES ON COMPANSATION OF
PUBLICLY TRADED COMPANIES.THESE EXECUTIVES DONT OWN THESE COMPANIES SAREHOLDERS DO.GIVE THE SHAREHOLDERS MORE SAY SO
IN THE PILFERING OF OUR CORPORATIONS.THE US CANNOT COMPETE
AGAINST OVERSEAS COMPANIES WITH EXECUTIVE COMP DISCREPACIES IN THE TENS OF MILLIONS OF DOLLARS ON A LONG TERM BASIS.DO SOMETHING BEFORE ITS ALL GONE.LEAVE MY FREEDOM OF SHORT SELLING ALONE.THIS IS A PLOY BY THE BIG
FIRMS TO LIMIT MY ABILITY TO MANAGE MY OWN ACCOUNT.SHORT SELLING HAD VERY LITTLE TO DO WITH THE MESS WE ARE IN.