Subject: File No. S7-11-09
From: Joe Barnes

July 7, 2009

The defination of a money market mutual fund includes: having a stable net asset value of $1. The SEC proposal to let the Net Asset Value (NAV)"float" will be the end of this investment vehicle. When Goldman Sachs trades for their own accounts, they create their own money to trade with. The traders will be able to sell short, buy CDS protection, etc.. thereby influencing the NAV of money market mutual funds. The small investor comes out the looser, because we have to use real money to invest. Ask the Primary Reserve Fund Investors who still haven't received a final distribution ,after it broke a buck last september. Our fractional Reserve banking system is absurd, it favors our private central bankers, and their Buddies. The little investor has lost since 1913, and will continue to lose untill we abolish the Federal Reserve( a private corporation). The sec has never helped the investor, they must thimk the American people are stupid, and I am beginning to think the same.