Subject: Comment on File Number 4-637

May 1 , 2012

Dear members of the Securities and Exchange Commission:

The most stable 50 years of this country occurred when there were the most regulations around financial and corporate institutions. The beginning of the undoing of regulations, which started 9 years before the S & L failures and ended with the undoing of Glass-Steagal we have had bubbles and busts every eight to 10 years. How long will it take you to figure out REGULATION PROTECTS THE PEOPLE. Lack of regulatio only encourages the jackals among us.

Corporations are not people they have no conscience don't let them hide their politics behind closed doors.


Carole A Heffernan