Subject: File No. S7-18-11
From: Maneesh Pangasa

July 29, 2011

To Whom This May Concern At the Securities Exchange Commission,

I strongly supported tougher mandates and sanctions in the Dodd Frank Wall Street Reform Act than those that passed for the financial services industry to protect consumers, taxpayers and investors. I supported the Durbin amendment that passed to cap interchange swipe fees by financial services companies processing transactions and supported the new oversight and regulatory requirements of Dodd Frank on credit rating agencies that contributed to the 2008 financial crisis by giving junk bonds triple AAA ratings when they did not deserve triple AAA ratings. I also support reform of the credit reporting bureaus, some oversight and regulation of auto, home, title and payday loans as well as mortgages.

I support breaking up too big too fail banks also. I support new rules by the Securities Exchange Commission that help protect financial investments from fraud and/or reckless speculation. So yes I support the proposed rule for nationally recongized statistical rating organizations.