Feb. 06, 2022
Hello, It is disgusting as an American that our markets are so structurally flawed and corrupt. The fact the Commissioner Gensler has stated that up to 95% of market transactions are not on "lit" markets cements the idea that average Americans have been taken advantage of by nefarious financial actors. The perpetrators behind the "Great Recession" were given a free pass and access to cheap capital. Now, it has become and continues to be shown that the global economy has run itself into a credit swap bubble which will implode sooner rather than later. Lessons were learned, but no actions were taken since 2008; now, over a decade later, we find the same financial tricks that caused financial turmoil are present again, and we find ourselves wondering how big is too big to fail. The SEC must enact these changes to the Swap market as quickly as possible to allow greater exposure to and how these financial terrorists took no regards with risk management, so long as their positions looked good on paper. The agency must be familiar with and is aware of the threat these Swaps pose to the broader market, otherwise these changes would not be recommended. If the SEC's mission is to, "protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation," then these changes must be implemented. Thank you for your time. Robert M. Fort Worth, TX