Subject: File No. S7-12-06
From: JAMES P DESANTIS, MR

April 4, 2007

THE QUESTION HERE IS NOT WHETHER THE SEC SHOULD NEGATE THE GRANDFATHER CLAUSE ON REG SHO WHICH IS OBVIOUSLY DESIGNED TO PROTECT THE THIEVING CRIMINAL TERRORISTS IN OUR COUNTRY SPREAD THROUGHOUT OUR SECURITIES MARKETS . THAT PART IS A NO BRAINER FOR THOSE WITH RIGHTFULL INTENT AND WHO SEEK FAIR JUSTICE FOR ALL. THE REAL QUESTION IN MY MIND REMAINS IS THE SEC A PROTECTIVE AGENCY FOR THE HARDWORKING TAXPAYING LAW ABIDING AMERICAN PEOPLE WITH RIGHTFULL INTENT OR A PROTECTIVE AGENCY FOR THE CORRUPT PEOPLE IN OUR SECURITIES MARKETS INCLUDING BUT NOT LIMITED TO THE DTCC, SEC, HEDGE FUNDS, FEDERAL RESERVE, AND LAST BUT NOT LEAST THE US MEDIA COMPANIES THAT ARE MAJORITY OWNED AND CONTROLLED BY ALL OF THE ABOVE. HOPEFULLY FOR THE GOOD OF OUR NATION,JUSTICE WILL PREVAIL AND THE CRIMINALS WILL END UP IN JAIL AND CITY HALL CAN BE FOUGHT AND BEATEN WHEN THEY TRY TO COVER UP THIS DISGRACEFULL, LAW BREAKING, FRAUDULENT ,MARKET MANIPULATING OF NAKED SHORT SELLING AND FAILS TO DELIVER .