Subject: Comments for File Number S7-12-11

May 19, 2011

I’m writing because myself and so many people I know have been affected by the economic collapse of 2008, and we don’t want it to happen again.

Many people, including Elliot Spitzer and Governors around the US tried to prevent this economic catastrophe, but the Bush Administration sued them to prevent states from imposing regulations that could have prevented this crisis.

I know so many great people who are out of work and can barely keep up with bills, paying over $4 per gallon of gas due more to price manipulation than any other factor, while Wall St. grows richer and bolder every month.

Please. . .

Consider the implications of an impoverished, 3rd World United States.

Busboys and billionaires, morphing the American Dream into an enduring nightmare for millions of good people.

You can help turn this around — Wall St. activity, like wind and solar power, could be harnessed to benefit all Americans, transforming our country back into the greatest of nations.

Regulation of our financial industry must be meaningful, strong, and fully enforced.

Be a leader. Be a hero.

David Ashford