July 29, 2008
I implore you to walk in integrity for America, including your own children. As an investor for many years in our financial markets I am alarmed and encourage you to insist on SEC Chairman Cox to enforce the laws ALREADY ENACTED to protect America from the crimes being perpetrated on our economy in what is known as " Naked Short Selling" wherein a hedge fund can sell shares of ANY company without ever owning or DELIVERING the stock that they sold. This crime gives the Seller 100% profit from the sale in that they are not being forced to supply the stock they sold in three days like the rest of America, and they have just increased the number of phony shares "out in the market" that don't exist. This is wrong. I urge you to act and extend this prohibition of rape to ALL PUBLICLY TRADED STOCKS Bear Stearns, JP Morgan, Overstock.com are just the tip of the iceberg that the justice dept. is just now getting up to speed with. I am tired of seeing America sold down the drain for greed and narcissistic profit
Thanks for your time. Please stop this practice