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