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. We actually sold our beloved home and downsized to get rid of our mortgage because of our job instability.
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.
Another way would be to ban stock options that encourage unhealthy business practices.
Thank you for considering my comment,
Kelly Derderian