Subject: File No. S7-19-07
From: Carl E Erickson

July 28, 2008

It is just a silly attempt to divert attention away from the problems caused by financial managment (or should I say greed). Current regs are more than sufficent. Naked shorting is a bugaboo created by companies that have something to hide. If it weren't for the action of the Secretary of the Treasurey and the Chairman of the Fedral Reserve to bail out their old friends, especially at Goldman, it would be difficult to imagine that the SEC would even be involved. This whole thing is just joke and a smoke screen. You folks need to get a grip on reality.