April 24, 2022
As a free citizen of the greatest country on planet earth im honored to be able to comment on proposed amendments that might influence our great economy.
I have seen commentary by Janet Yellen warning of the possible looming catastrophe caused by over leveraged banks, Hedge funds and family offices. The amount of current total market derivatives is astronomical with inadequate transparency.
The crash of markets in 2008 due to mortgage backed securities and other security swaps should never be forgotten and I believe we are in danger of repeating history.
Transparency is needed to facilitate a free market and healthy economy and I applaud the SECs pursuit of change. I approve of and agree that these changes are needed.
Thank you for allowing me to comment.