Subject: File No. S7-20-08
From: jason lazewski

August 21, 2008

I think the rules you put in place against naked short selling are great, but why aren't they strictly enforced. I am a FNM shareholder and am getting crushed, the business may be in trouble for the short-term but i invest for the long term. when I see 1/5 the float trading everyday something i wrong, that means the entire float trades each week. You should be investigating I am very disturbed with the Laissez-faire attitude. It is destroying the financial system, do what the SEC is designed to do and enforce the rules. thank you for reading this and hope my voice is heard.