Aug. 09, 2022
August 9, 2022 Dear SEC, I am writing at my disappointment that the OCC wants to scam Main St -yet again- out of their life's toil and hard earned livelihoods. If the \"smart money\" chooses to take risks they should live with the consequences, like the rest of us. Here's a little simple wisdom from rural America... When are farmer plans poorly or plants a crop that is not compatible with their soil or zone or is too risky and it does not work out because of a \"material adverse change\", there are consequences. There is no universe where anything different should apply to Wall St. Take risks that don't work out? Well, then, there should be no bailout from the American taxpayer, or much worse from the pension funds of teachers, and people that worked their lives for a peaceful and simple retirement. No company or entity should be too big to fail in the name of liquidity- You fail? You fail. The end. In a nut shell, all true hard working Americans believe that under no circumstances should the OCC have access to pension fund and insurance company money because a Clearing Member is about to default. Do the right thing, it is not that hard. Sincerely, Claire Adams