Subject: File No. S7-14-08
From: Charles K Glassey
Affiliation: Life insurance Agent

August 6, 2008

I think before Mr Cox and the SEC regulates the indexed Annuity industry, mr cox and the SEC need to clean up there own backyard. Namely the obscene profits made by the management of Freddie Mac and Fannie Mae while the investors and taxpayors are left holding the bag. The insurance industry and state commisioners offices have a much better track record when it comes to inforcement of ethical standards and oversight then the SEC. this is nothing more then a power grab. This issue was settled years ago by the supreme court.