Subject: File No. S7-08-09
From: James R Krueger
Affiliation: Retired

February 4, 2010

Why is there such a delay in reforming short selling? Do we have to have another round of shifting ordinary people's
retirement savings into the accounts of the rich and powerful? Short selling ONLY makes sense in stable economic times. Until we recognize and act upon that, there will NEVER be a level playing field for the ordinary investor. But then greed seems to be the ace of spades in the American capitalistic system that exists today. The commision has the power to do something about that. Are you up to the challenge or do you also hold the ace of spades?