Subject: File No. S7-20-08
From: Steven H

July 25, 2008

The practice of naked shorting should be barred outright. However, if you insist on short-term bans, why in the world would you not include Wamu (WM) and Natcity (NCC), to name only two? You are throwing the others to the dogs, and if they are shorted down to levels that reduce depositor confidence and cause deposit flight, at least part of that will be the fault of the SEC.

Please explain the logic of your list over the more vulnerable regionals? It boggles the mind.