Subject: File No. S7-08-09
From: Richard E Knight
Affiliation: Retired Probation Parole Officer

May 15, 2009

I am 65 and have been INVESTING since I was 16. I guess I am a dying breed.

When I was growing up the stock market was a place the average person put a part of their savings into Corporate American and get a reasonable return (I started with $15.00 in Putnam Growth Income). I helped America grow it's business providing jobs and rearn a return.

Calls/puts and all these options are just a place for Gamblers to skim off money that will never help PRODUCE ANYTHING except make some people wealth and some people broke is the Gambling Cascino no known as Wall Street.

Anything you can get the "Markets" back to investing would be great for America.

Naked Shorts are the worst and now they are trying to make it so big short who get stock options as part of their pay can rent them out to short sellers THAT REALLY STINKS