September 10, 2008
Dear Sirs,
I invested my life savings in the stock market last November. Thanks to the rampant naked short selling in the financials my investment is down 90%. I made a big mistake trusting the United States government to police illegal activities so my investment would be safe. Yes, I know that the banks have had trouble but the naked short selling is the reason they are where they are. I wonder who is waiting for the hedge fund people to get out before they take action to protect the investor. I thought that protecting the investor was the SEC's job. I should have known that you are just as corrupt as everyone else and will wait until your buddies are out before you take action. Thanks alot for nothing.