Subject: Comments regarding File Number S74111

February 9, 2012

Im writing in support of a strong Volcker Rule. My family and I were affected by the economic collapse of 2008, and we dont want it to happen again.

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.

Banks need to be regulated to return to being a conservative savings vehicle with a useful loan function at its base. Consumer savings must be encouraged and protected, not gambled with.

Thank you for considering my comment,

Tom and Rosalie Cripps Cripps

Austin, TX