Subject: File No. S7-33-10
From: Tom Stephens
Affiliation: INVESTOR

December 17, 2010

I am one of the countless investors that is on the verge of retirement, but will not be able to for the foreseeable future. First I had a huge loss when Enron collapsed and little did I know that my retirement mutual fund, Janus, was the biggest investor in Enron. They were even buying more Enron after the word got out. There was nothing in their prospectus that disclosed their Enron investments. All I got from Janus was "sorry about that...we fired the people responsible".
Then in 2008 I was wiped out with everyone else because of Goldman Sacks AIG. America has ex-Goldman executives in key positions of power in the U.S. government so that bailout money can be funneled to entities such as AIG that Goldman has made bets with so that they can rape the taxpayers. To call this a free market is an obscenity. I along with countless people Ive talked to at my business have lost complete confidence in the American stock market. It is totally rigged and they will only let small investors make enough money to sucker them back into the market. Anyone that looses money in the stock market after this, deserves what they get. It is obvious that the heads of Goldman, AIG, Standard Poors, Moodies, and the rest of that bunch have conspired to rip off the people of the world and no one has been prosecuted. It all started when Congress repealed the Glass-Steagall Act at the request of the banking industry. If prosecutors went after all the people responsible, they would put most of our government and Wall Street in jail. It took the SEC 10 years to finally catch Bernard Madoff after having your nose rubbed in it by one Whistle Blower that wouldn't give up. The only people you catch are the crooks that arent part of the Ivy League Country Club. Heres my final comment, you can do whatever you want with these rule changes. Anyone that believes you are sincere is a Chump and deserves to be cheated for being so stupid.