Subject: File No. S7-41-11
From: Judith Zitko

February 10, 2012


I’m writing in support of a strong Volcker Rule. My family and I were affected by the economic collapse of 2008, and we don’t 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.
Actually, I don't think Dodd-Frank goes far enough nor the Volcker rule.  We need Glass-Steagall back and also to break up the banks to separate a depositor bank from an investment bank.  This is when the trouble started in the 80's.

Thank you for considering my comment,

Judith Zitko

Hot Springs Village, AR