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The following Letter Type A, or variations thereof, was submitted by individuals or entities.Letter Type A:Wall Street should be attracting bankers that do the right thing for the American economy. But instead, the chance for a fat bonus on dangerous trading attracts gamblers looking for quick riches. While this rulemaking is a step in the right direction, two provisions were notably left out that would have ensured bankers are held personally accountable for their deals: 1. Senior banker incentive pay should be deferred for four years, so that it is not paid pro-rata. 2. A portion of delayed incentive pay should be in a no-fault pool for fines on the bank, so that shareholders aren’t forced to incur the fine for their bank’s risks. This portion should consist of bail-in bonds, or Total Loss Absorbing Capacity bonds. It’s time to stop the unchecked greed at the Big Banks that caused the Great Recession.
http://www.sec.gov/comments/s7-07-16/s70716-8.htm
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