FARADAY FINANCIAL, INC. October 6, 2004 Ms. Karen J. Garnett Assistant Director Division of Corporate Finance U.S. Securities and Exchange Commission Washington, D.C. 20549 Re: Faraday Financial, Inc. Preliminary Proxy Materials on Schedule 14A Filed on September 23, 2004 File No. 0-22236 Dear Ms. Garnett: This letter is to confirm that: The adequacy and accuracy of the disclosure in the filing is the responsibility of the registrant. The registrant acknowledges that staff comment or changes in response to staff comment in the proposed disclosure in the preliminary proxy materials do not foreclose the Commission from taking any action with respect to the filing. The registrant also represents that staff comments may not be asserted as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Very truly yours, FARADAY FINANCIAL, INC. /s/ Frank Gillen --------------------------- Frank Gillen President