May 19, 2011
I’m writing because my family and I were affected by the economic collapse of 2008, and we don’t want it to happen again.
One way to change the incentives so Wall Street doesn’t collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains.
If it turns out that the profits in a given year were built on shoddy practices that become clear in the out-years, those bonus payments should be forfeited.
How is it that someone hired for minimum wage at McDonald's is expected to do their best but Wall Street "white collar thugs" think their time is worth millions a year and they still screw small investors and taxpayers? It's because law makers collude to make it happen. Stop the madness. Corporate green has become so obvious and out of control, it's a crime... crime after crime. People are tired of being lied to and letting politicians and corporations skew the system, so out of whack it's unsustainable, and highly damaging to our culture.
Thank you for considering my comment,
Susan Friedricks