Subject: File No. S7-38-11
From: Frank A LoSchiavo, Jr
Affiliation: Insurance Broker

October 12, 2011

The Banks have a long history of reckless and greedy actions, then begging for help. This last adventure has crippled our economy, put millions out of work and jepordized the future of our children.

Banks should be limited to a basic and necessary purpose, not a shoot from the hip, anything goes until they are caught business plan.