Subject: File No. S7-08-08
From: Shawn Cain
Affiliation: Advertising

March 21, 2008

I've been watching the trading of several securities.I believe in a free and open market,not a manipulated one. If you look on Yahoo at institutional selling of Etrade, it is 150% of it's float. That means alone they have sold short 50% more than exist for that stock. This doesn't include hedge funds which are not monitored. Naked short selling is driving the markets into the dirt and forcing Fed policy to stabilize a market that would not need support. This is a waste of tax payers money, and a gift to the hedge funds and institutions. The ignoring of this situation would be just as criminal Thanks, Shawn Cain