Subject: File No. S7-05-12
From: michael e taillefer

June 13, 2012

derivatives should be a crime. there is too much leverage and too much risk. the worst thing is that the people taking this risk have set up a convenient situation where if they win they reap all the rewards, but if they fail the tax payers pick up the bill. how can the agency that is supposed to protect individuals allow this to happen? well here's a clue: you are as corrupt as the banksters. you people should be locked up along with all the bankers.