Subject: File No. S7-19-07
From: Henry Jakala
Affiliation: concerned citizen

July 17, 2008

A few more points on the the supposed "new" issue of Naked Shorting:

Who do you regulators at the SEC think you're fooling ?

Your blatant cronyism is all too obvious when you set out to protect your Wall Street friends and leave the rest of the market to the whims of the Naked Shorting wolves.

Who do you regulators at the SEC think you're fooling ?

These "new" regulations aren't new at all, you're now selectively enforcing laws that have been in place for age and failed to enforce because they were making your Wall Street friends/firms rich.

Who do you regulators at the SEC think you're fooling ?

Many of you come from Wall Street and have friends on Wall Street and have associates on Wall Street and how are you to expect us to believe that you can be impartial regulators of an industry that made you who you are ? The cronyism is obvious and the system is broken when one finds that the fox is guarding the henhouse.

Who do you regulators at the SEC think you're fooling ?

You need to be investigated and held accountable to the fullest extent of the Law for having failed the American Public

And while you're at it ( pretending to do your jobs that you failed to do all these years ) why don't you require that short interest be updated daily ? You can't tell anyone in this day and age that it is a burdensome task when it's completely automated

And have all institutions report their short positions as they report their long positions ?

And give these institutions a week to report their positions after each quarter not 90 days or whatever it is that makes that informationn all but useless when it is reported.

The world is computerized and automated, time to level the playing field for all and not just the crooks running Wall Street.