From: Kgramey1@aol.com
Sent: Friday, July 12, 2002 5:20 PM
To: rule-comments@sec.gov
Subject: S7-24-02


CORPORATE LOANS TO EXECUTIVES OF LISTED COMPANIES SHOULD NOT BE PERMITTED.  A $400,000,000.00 LOAN
TO THE CEO OF WORLDCOM WAS OBSCENE, AND ALL SUCH LOANS, REGARDLESS OF AMOUNT, SHOULD BE
PROHIBITED.  LENDING INSTITUTIONS EXIST FOR THE PURPOSE, SUCH AS BANKS, BROKERAGE HOUSES (THAT
HAVE MARGIN REQUIREMENTS) AND INSURANCE COMPANIES, ETC.  ALL SUCH LOANS SHOULD BE SECURED.  THEY
ARE PERSONAL LOANS AFTERALL, AND SHOULD NOT BE CARRIED ON A COMPANY'S BOOKS. REPAYMENT OF SUCH
LOANS ARE QUESTIONABLE WHEN IT COMES TO REPAYMENT.  THEY SHOULD NOT BE ALLOWED.

KENNETH G. RAMEY
kgramey1@aol.com
2081 FALLBROOK CT.
805-239-1050 
PASO ROBLES, CA 93446