Subject: File No. S7-08-09
From: Jack Painter

May 8, 2009

Within my contacts, most people have lost trust to Wall Street and SEC even FED.
To re-establish American's confidence, SEC must take strong actions:

Completely ban shorting practice - it is not investment, but goes against investment, It is pure steal
Expose all facts about FDT shares, instead of hiding them
Force naked shorts to cover the FTD shares ASAP
Fix the clearing system loopholes - 3 days way to long in digital age Hedgies can easily manipulate a stock and rob a lot money in three days
Enforece existing law, fire and jail illegal Wall Street looters and SEC corrupted officers
Recover the assets that need to be recovered.

THese things are essential for justice, and rebuild American's financial system.