May 23, 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.
Go back to separating out mortgages and savings from investment banking. Speculation for any price should not happen to family homes. Finally, any amount of income over $2Million should be taxed at 75% minimum
Thank you for considering my comment,
e.d. Barber