Subject: Comments for File Number S7-12-11

May 23, 2011

I’m writing because my family and I were affected by the economic collapse of 2008, and we don’t want it to happen again.

The fraud commited by the rating agencies and the banks in establishing the false quality ratings assigned to bundled real estate loans must be prosecuted. And the faulty mechanisims that allowed this to happen must be identified and new regulations established to prevent a reoccurence of this sordid practice in the future

Thank you for considering my comment,

antonio lucero