February 2, 2013
Dear Members of the Securities and Exchange Commission:
I lost nearly half of my retirement savings thanks to Wall Street plundering. The irony is that part of the money I lost was used to protect the actual thieves from prosecution and keep the their IDs secret.
If you cannot see anything wrong with that picture, it is time for the members of the SEC to find a job in the "real world". You know, the one where Jo Schmock loses his job to protect the "too big to fail" and NOT the one where we privatize profits and socialize losses.
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.
Sincerely,
Bernard Pierre