Subject: File No. S7-19-07
From: PATRICK K CLUNEY

September 11, 2007

MY COMMENT:

I CANNOT BELIEVE THAT A COMMENT PERIOD IS NEEDED. THE SEC IS INEPT. TO NOT HAVE COMPLETELY ELIMINATED THE GRANDFATHER CLAUSE, AND THE MARKET MAKER EXEMPTION, BY THIS DATE IS CRIMINAL. THE FRACTIONAL SECURITY SYSTEM COPIED FROM THE FRACTIONAL BANKING SYSTEM HAS THE UNITED STATES IN A POSITION OF 1929 ALL OVER AGAIN. PLEASE, INFORCE THE SETTLEMENT DATE , BACKED UP WITH CERTIFICATES, AND STOP BORROWING AGAINST PURE AIR. NAKED SHORTING IS COUNTERFEITING, STOP IT COMPLETELY, DO IT NOW. TO KEEP PUTTING OFF CRIME IS EQUAL TO COMMITTING THE CRIME YOURSELF.