Subject: File No. S7-24-08
From: John Lee, Sr.
Affiliation: Information Technology

October 24, 2008

I have no comments but would like to ask the SEC department some how bankers need to be banned from rating and trading stocks that they own, buy and sell in millions of shares. Please ban folks like Jim Cramer on CNBC and I believe he does a lot of harm than good to investors. SEC is so soft and there are no severe punishments on those stock manipulators and naked short sellers. What SEC should do is to ban them from trading and put them in jail so other crooks can learn. Shorting stocks will lead to naked shorting stocks so the system should eliminate shorting and naked shorting altogether and our modern society needs none of those. Hope all the politicians, lawyers from top laws school and our government people have more conscience about this country and the world as a whole.

God Bless America and Capitalism.