Subject: Comments for File Number S7-12-11

May 26, 2011

Please read "13 Bankers" by Simon Johnson and James Kwak. Then see the documentary movie, "Inside Job". Both describe clearly what led to the recession and need to be stopped. "13 Bankers" argues persuasively the adequate regulations will not be imposed until more economic crashes occur. This time, the whole system was on the brink of collapse, and next time it may.

Please impose the reforms necessary to stabilize our economy and stop the banker from their focusing only on enriching themselves

Milt Lauenstein

Exeter, NH