Subject: File No. S7-08-09
From: Steve K Knauber
Affiliation: Investor

May 27, 2009

I am firmly in support of the reinstatement of the longstanding uptick rule with regards to short selling.
I believe it is an egregious wrong committed under the Bush administration and a bow to special interest groups that the rule was changed in the first place. The capital markets are for capital formation not a venue for pirates to steal the wealth of others. The free market theory only works if everyone is a good citizen. The fact that we have prisons refutes this idiotic theory. Capital markets need to be policed. Otherwise the miscreants will ruin the economy for their personal gain. This isn't rocket science. It grieves me that our government has shown itself to be so incredibly incompetent on this front if not downright corrupt. Please amend this wrong to those of us who are working for a better tomorrow and to not to just make a quick buck at the expense of others.