Subject: File No. S7-12-06
From: James McGovern

April 22, 2007

I vision, eventually, all the capital will be drained, Bankrupting the system at the current level...Could this be being done by a group from outside the United States of America...or could it be being done by greedy Brokers and/or Hedge Funds (Enron in the making)
I believe with the Capital Gains tax at 45 % and the naked short sells fleecing the system, it's only a matter of time...If the financial systems fails, That means I'm Bankrupt,(Mr. Private Citizen) My Country is Bankrupt,(United States of America)and I can only guess that we will no longer need a Security and Exchange Commission, So You would be bankrupt too.
The only winner I can see is the illegal gain that was stolen from a society that was working, and now even they will have to stick all their ill-gotten money in the monopoly box because that's about all it's going to be worth. I pray to God to give you guidance on the right thing to do to protect the public and to protect the United States of America....Thank You