Subject: Comments regarding File Number S74111

February 9, 2012

I'm writing in support of a strong Volcker Rule. I can't believe this is even being discussed. Have our memories become that short term. The risks that were taken by banks, mortgage and investment companies, etc. to get this country into this mess should never be allowed again, especially, especially with tax payer money.

As you prepare the final rule, bear in mind the fundamental goal of the rule - to ban big banks from exposing consumers and taxpayers to risky proprietary trades.

Banks that break the rule should face swift, automatic penalties for violations. Violations of the Volcker Rule endanger the stability of our financial system. They should not be treated lightly.

Exemptions should only be allowed if they do not undermine this goal. If an exemption would result in exposing consumers and taxpayers to bank risk, it should be rejected.

Thank you for considering my comment,

Tim Peterson

Isanti, MN