Subject: File No. S7-08-09
From: Larry E Jacobson

May 11, 2009

I had become aware of the damage naked shorting can do a couple of years ago when some of my stocks in the Junior metals market began showing up on the SHO list of fails to deliver. Thousand of counterfiet stocks were traded decimating their values. This is blatently illigle and why you have to even concider to do something or not blows my mind. It is illigal have it stopped. Where are the regulators? Are they letting it happen right under their noses because the perpretators are big and powerful. I for one am so ashamed at the corruption and greed that has been going on in my country and the financial system. Won't anyone stand up to the challange or is it the lobbiest palm greasing that determines how this country is run. I for one know the answer to that. The banksters are really in charge and they own the Government. There are no longer free markets. Only minipulated markets intervened for the personal gain of the oelygarths.

larry E Jacobson