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. Your profits should be put back into American's pockets by higher wages and creating more jobs.
In addition, if I do not produce, I do not work. If your employees do not produce, their wages, bonuses or job should decease. I also save money for my retirement. The way you are currently functioning is loosing retirement for Americans. Our savings are decreasing. You must tie bonuses and wages into your profits.
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.
Thank you for considering my comment,
Randi Holloway