Subject: File No. 4-581
From: Kevin McCarthy
Affiliation: None

May 30, 2009

Reinstate the up-tick rule. Un-regulated short selling was a major contributing factor in driving the market into the 3rd worst decline in history.

A regulation developed during the great depression that has been around for 70 years before deregulation and hasn't been damaging to the market . . . maybe the regulation of devisive behavior driven by excessive unregulated greed is good.