Subject: File Number S7-33-10: Whistleblower Award Program

December 6, 2010

Dear Ms. Murphy

I just signed a petition saying:

"More whistleblowing about corporate crimes could have made the foreclosure crisis and economic meltdown less severe. Whistleblowers should never be forced or engouraged to take their concerns to their potentially corrupt bosses first: Those who go directly to the government deserve the strongest rewards and protections allowed by law."

Many people working in the financial industry knew about all the different problems that led to our current crisis. With proper protection and incentives, many more of them would have stepped forward and talked about problematic practices, informing the government and the public. I can only hope that, within the current financial reform, the government will ensure such information from whistleblowers will reach the government and the public in the future, so the government can step in to prevent another such crisis in the future. To have whistelblowers talk to their bosses and to expect first, that whistleblowers not to be reprimanded within their company, and second, that the bosses would act, is illusionary. Corporate bosses earn a lot of money and receive huge bonuses even in a time of crisis as this. Corporate managers and bosses certainly have no incentive to prevent the financial damage that ordinary people suffered and still have to pay for with their tax dollars. Whistleblowers should never be forced or engouraged to take their concerns to their potentially corrupt bosses first: Those who go directly to the government deserve the strongest rewards and protections allowed by law.

Janine Daly
San Jose, CA