Subject: File No. S7-41-11
From: Joan Rutherford

February 12, 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. And keep in mind the purpose of banks. They are not supposed to be casinos that take and make bets. They are repositories. They are supposed to keep our money safe until we ask for it back. The Volcker Rule will reinforce this aspect of banking.

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,

Joan Rutherford

Indian Harbour Beach, FL