Subject: File No. S7-14-08
From: Charles O Doss
Affiliation: CFO

December 16, 2008

In reference to proposed rule 151A:

This proposal is absurd. Not a single client has lost a single cent parked in fixed index annuities. If you idiots in the SEC tended your own garden, Madoff's victims wouldn't have been swindled in a $50B Ponzi scheme that you were warned of internally. Maybe you such actually regulate brokers/dealers rather than insurance products. Fixed index annuities are by definition not securities. Fraud and avarice on Wall Street is destroying our economy and millions of American lives and you feel you have the authority to regulate the only safe financial instrument left.

If the Departments of Insurance were regulating Wall Street instead of the SEC, we wouldn't be mired in this catastrophic meltdown promulgated by the SEC's blatant negligence and ineptitude.

You've demonstrated your inability to police the stock market with any level of proficiency whatsoever. You should be drawn and quartered for your arrogance and the backlash from such ridiculous behavior should you suceed will hopefully be catastrophic for you all. We've alerted the President, the President Elect, all our Senators and Representatives. You can't effectively govern, control, or regulate the actual villains you were supposed to be protecting the American Public against all along. So stay out of the insurance business and do the job you're chartered to do.