Subject: File No. 4-573
From: Mike D Madden
Affiliation: Small time investor

January 4, 2009

I am a small time investor and not effected by B.Madoff. My question is simple where's the BEEF? No one from the S.E.C. or any other oversite commission or committee looked into this matter prior to this explosion. Wow Unbelievable. To use an analogy, perhaps obscure, the I.R.S. has caught a minor mistake in my 2006 taxes last year which would be 2008. As a result of this $900 oversite,I am paying, something like a 150% penalty for the next three (3) years. The I.R.S. even caught HR Block in a mistake on my taxes, of course in their favor. I feel they are looking over my shoulder for spelling mistakes as I do my cuurrent taxes, in real time. If I am not mistaken there are more people paying taxes (although that is going down) then investing. I don't get it. This kind of stuff will scare off many investors.