Subject: File No. S7-20-08
From: Rayburn Blair L. Blair, Dr.
Affiliation: Retired

July 24, 2008

You now have one eye half open to the hugely destructive force of naked short selling in ONLY ONE SINGLE area of the market. Tunnel vision will not solve the problem. Naked short selling is terrible, criminal activity when done on the most monumental scale as is obvious in silver and gold investment. It goes beyond the very existence of enough silver to cover it. If this isn't your area of responsibility.....whose is it ? Please, please, put a stop to this travesty of justice. Like a house on fire, the longer you study the problem, the more difficult it is to PUT THE FIRE OUT. You have the fire your job. America has lost all confidence in government and politicians, according to the polls, because of such unbelievable neglect and or corruption among our leaders. I am too old to care what you think about my frazzled patience and disrespect. Psm.115:1 Rayburn Blair