April 12, 2009
re your request for public comment on market stability and investor confidence... it is my opinion that nothing will build investor confidence like having the government stop distroying equity value in iconic companies. market stability would be enhanced by reinstating the simple uptick rule. eliminating naked shorting and ending credit default swaps without insurable interest. the government has supported speculators, gamblers, and others in the destruction of investor/savers nest eggs. it will take years to repair the damage done since 2007.