Subject: File No. 4-619
From: Marcia Williams

August 16, 2012

Chairman Schapiro
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

Dear Chairman Schapiro:

As a chartered financial analyst, founder and chairman of a federally chartered trust company, I am well versed in assessing investments for myself and for our clients. We understand the risks of money market funds and how they differ from insured deposits. We do not need protection from ourselves and need to have money market funds in their current format as one of our investment alternatives.

Those who lost money in the funds should have taken personal responsibility for knowing what they were investing in. The current proposals to implement a floating NAV, redemption restrictions and capital buffers smack of manipulation by the big banks to drive more funds into their deposits.

Let's be adults here and allow alternatives which are attractive for some investors rather than removing an viable investment option because part of the populace is too stupid to use it wisely.


Marcia Williams