Subject: File No. S7-14-08
From: Loren D Bauer

October 17, 2008

Dear Members,

Leave the fixed indexed annuity alone. It is a fixed interest rate product, not a security. In all types of activities there will always be some who allegedly misrepresent their product or service. Police them, not the product.

Your focus as regulators should be on Wall Street and the large money center banks who have perpetrated the largest "fleecing of America" with the financial crisis American and the world now finds itself embroiled in.

Chairman Cox and the Committee failed to speak truth to power. You saw what was happening and failed in your jobs, and more importantly, you failed in your patriotic duty to stand up and speak the truth about what was happening on the corner of Wall and Broad.

Stick to what is supposed to be "your knitting" and leave the Fixed Indexed Annuity as it currently exists.