February 28, 2009
Chairman Schapiro,
Time is of the essence. You are the only agency/regulatory body that can make a dramatic impact on the financial crisis and not cost the tax payers billions of dollars. There is no time, you don't have weeks or months to act. You must be decisive and swift. This is more than a crisis of confidence but confidence will never be restored without these two structural changes being made.
Please do not hesitate. We are on the cusp of a freefall in the equity markets that will ripple further through the economy and make your job as well as the Fed's job much more difficult.
Please act swiftly and thank you for your service.
Regards,
Miles Pollard
Atlanta,Georgia
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From: leighpollard
Sent: Thursday, February 19, 2009
To: CHAIRMANOFFICE
Subject: Mark to Market and Up Tick Rule
Chairman Schapiro,
The next round of deleveraging is about to begin. This next round will be much more painful and will destroy what is left of the banking system not to mention investor confidence.
You have no time. You have got to reinstate the Up Tick Rule and suspend Mark to Market accounting for financial institutions. You have to do it in the next several days or at least make a public statement that this possibility is on the table if you need more time.
Please act swiftly, we are on the cusp of the " New Great Depression".
Thank you for your attention and your service to our country,
Miles Pollard
Atlanta,Georgia