Subject: File No. S7-41-11
From: Janet Nelson

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.

Thank you for considering my comment,

My comment after reading the above:  I agree that banks SHOULD NOT use the money that they are custodians of in speculative markets.  There are plenty of those avaenues available for cosumers if they so choose to put their money in theose places.  Banks should focus their purpose on helping to fuel and build the economy no siphoning off money that have too great a risk of being lost in speculative markets. Grant it, each loan they make is a risk as big a risk if they do it right to begin with... intending to be longterm partners with their customers.
Sincerely, Janet Nelson

Janet Nelson

Harlan, IA