May 28, 2011
What kind of activities define treason and terrorism? The criminals on Wall Street fulfill that definition for me. Families thrown out of their homes, workers losing their health care benefits, New York City Public Schools firing teachers and our Public Libraries shortening hours, down sizing staff and limiting purchasing of reading materials. This is terrorist activity...how will we nurture ourselves and our children without homes, health care and education? How will we become and stay INFORMED VOTERS?
And like many career criminals, these Wall Street traitors, even after they are caught with the stolen goods, show their contempt and arrogance for their victims...millions of voting Americans...paying themselves outrageous bonuses. However, unlike the usual felons who rob banks, pimp prostitutes, deal drugs, bribe government officials and write bad checks, the Obama Administration has rewarded these Wall Street felons with 700 billion dollars of taxpayer money.
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.
Thank you for considering my comment,
Rachel Wells
Brooklyn, NY