March 30, 2007
The Honorable Christopher Cox
Securities and Exchange Commission
I do not envy your position of public trust.
To be blunt, current plain facts-- and perhaps more important, the judgement of history (if that is of any import to you)- (will) make it plain that Naked Short Selling is a massive fraud on the American investing public and that through inaction or collusion, the SEC has abetted this fraud.
What to do? Even if this started before your time on watch, the HONORABLE action to take on Monday AM is to revoke this meaningless comment period and REG SHO or resign and cut your and America's losses.
Please do the right thing and do it quickly.....