Subject: File No. S7-08-09
From: David A Wickersham

May 8, 2009

Re- enstate the uptick rule. Most of the major economists say this action is long overdue. Also- Try to think for a moment what a major change for the better it would be IF WE DID NOT ALLOW BUYING ON MARGIN. It is the most abused and stupid practice ever allowed into our financial system. Have the courage to do away with it.