Subject: File No. S7-20-08
From: S. B.

July 24, 2008

You allowed this fraud to continue for all these years and now you finally protect your buddies and nobody else. The only reason the SEC bigwigs are not in jail is because real stocks are not traded. Everyone calls them stocks but they are actually "securities entitlements". Not actual stocks. No law against counterfeiting security entitlements, is there? So none of the laws that apply to the trading of stocks apply to this market. We should stop calling it the stock market and call it the securities entitlement market. We can all just sell as many as we want until they all go to $0.