Aug. 10, 2022
August 10, 2022 I am a citizen of the United States, and I have been made aware of OCC filing SR-OCC-2022-803. If my understanding is correct, this filing requests a rule change the OCC must follow regarding disclosures and funding of its liquidity facility. This requested change is harmful to the United States markets. This request includes changing the rules in regards to advanced notice, which has no substantial value to the public, but can be substantially harmful to the public. This is only beneficial for an eluding OCC. If the OCC has intent to follow the rules, then there is no need for this change at all. They request a bailout for individuals who have made risky investments what good does this do in the end? If there is no risk involved, then continual, risky behavior will persist - meaning, if this rule change were enacted, bailouts would persist, too. All of their actions are suggestive of a large crash, that is continually growing. Without any consequences to these financial and/or crim inal actions, there would be no incentive to act better financially and/or criminally. The SEC has a moral duty - obligation - to deny SR-OCC-2022-803, in its entirety. If that obligation has failed, then the consequences would result in a larger financial crisis bubble teetering on the ever-sharpened point of a needle. Thank you for your time, and I truly hope that the SEC will make the morally correct decision.