Subject: File No. S7-06-04
From: Whitni Baker

March 20, 2004

I believe that there should be more disclosure required. It is highly required in mortgage lending. You have disclose every single penney in the transaction, including money made by the broker in the transaction. It should be no different for any financial institution. It is very difficult to dig under the picture to find out all of the hidden fees and money being exchanged. Its about time this happened.