May 24, 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.
Millions of American families, including my own, have been devastated by the behavior of those in the banking community and the regulatory sector's failure to act. It is time for the rich and powerful to start acting in the interests of the country, and it seems to me that it is the job of the SEC to see that they do so.
Thank you for considering my comment,
Carla Rautenberg