Subject: File No. S7-12-06
From: Tim R Lee, MR.
Affiliation: Investor

March 27, 2007

This Grandfather clause and reg. SHO is the biggest slap in the face to the American people I have ever seen. How much longer can our government turn the other cheek to let the crooks off? Furthermore, this makes the government just as guilty as shorty all of these years.

It is time the big money is taken down once and for all and if putting a stop to this criminal action means a market CRASH, so freakin BE IT.

It is not right to still from people and their hard earned money. I have been in the markets now for a decade and it is more than obvious the rape that has happened and continues to happen... I personally have lost money from shorting of GOOD SOLID COMPANIES that should not have went belly up, but did and this is criminal at best...

How can we as Americans allow this to continue... We MUST trade all Securities from pinks to all big boards on supply and demand, hell with the crooked hedge funds that have raped BILLIONS AND TRILLIONS from us, often using the money they stole to harm us? What the HELL is wrong with this picture.... DAMN it do your job, NO MORE FREAKIN extensions... WOW....
Tim Lee