February 10, 2012
I’m writing in support of a strong Volcker Rule. My family and I were affected by the economic collapse of 2008, and we don’t 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.
Reinstate GLASS-STEAGALL! Gambling with people's saving should not be done by the banks that offer mortgages.
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.
You don't have to be a genius to realize people will NOT INVEST IN THIS COUNTRY WHEN THEY SEE THE BANKSTERS ARE NOT HELD ACCOUNTABLE AND JAILED LIKE ANY OTHER CITIZEN WOULD BE WHEN THEY HAVE COMMITTED FRAUD!
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,