April 29, 2009
Dear sirs,
Please take such action as to throttle back the creativity of the fianancial community. Unrestrained change is self evidently not what is needed at this moment. Any action including restraing the free trade on the markets is needed to allow time to heal the wounds from the damage which has occurred since the repeal of the separation of banking and investment.
I would have you advocate for the placement of a one percent charge on the transfer of stocks sold electronically so as to make the cost real for those gambling on the market. The funds would of course be given to the social security system as so many of the transactions are made by 401(k) accounts and in this way those not so fortunate as to have such accounts would benefit from the investments.