Subject: Comments regarding File Number S74111

February 9, 2012

Im writing in support of a strong Volcker Rule. My family and I were affected by the economic collapse of 2008, and we dont want it to happen again.

As you prepare the final rule, bear in mind the fundamental goal of the rule to ban big banks from exposing consumers and taxpayers to risky proprietary trades.

Banks that break the rule should face swift, automatic penalties for violations. Violations of the Volcker Rule endanger the stability of our financial system. They should not be treated lightly.

Exemptions should only be allowed if they do not undermine this goal. If an exemption would result in exposing consumers and taxpayers to bank risk, it should be rejected.

The rewards the financial industry executives must surely outweigh the impact on my 'low risk' retirement investments. But the impact on my retirement surely outweighs the impact on their lives. While limitations on their risk-taking may cost them a new premium SUV or maybe their 5th McMansion at some off-shore location. However, the impact of their reckless behaviour has cost me any real comfort level in my retirement. There is no golden parachute for retirees like myself.

Thank you for considering my comment,

Kenneth Glidden

St Paul, MN