September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
Abandoning their fiduciary responsibilities, the bank executives may have bankrupted our country - STILL yet to be seen. The Dodd-Frank rule 953(b) was adopted as one small step to give the public some deserved disclosure into the system that caused it. The banks financial power over our government is why many are not in incarceration, or even hung publicly with government provided rotten tomatoes for the public to throw at them. We are angry with the system and strongly support anything, even tiny wedge, a logical wedge, to clarity that 953(b) provides. They fought strongly to get the Glass-Steigal act removed as it restrained their greedy desires - another act that was crafted because of one of the greatest financial crashes we've known. Again our weak elected representatives did not do their job and protect our country. When we got a good responsible representative appointed to head the SEC, she got drummed out of the corps instead of lauded. Anyway, we have been hurt enough. I'm 80, alone, losing my home of 20+ years and looking for a comfortable bridge to live under. Whether or not the dereliction of duties in a lot of places caused it, I'm not sure, but I'm sure it didn't help. Fight with every tooth and nail you have to claw with, to not let the money powers run our government and ruin it again. You're our lobbyist. Go lobby.
Disclosing corporate pay ratios between CEOs and average employees will discourage the outrageous and reckless pay practices that fueled the 2008 crash.
Knowing which corporations heap riches upon their executives while squeezing struggling employees also will be a useful factor for me when considering which businesses to support with my consumer and investment dollars.
I am aware that you are under intense pressure by business interests and their campaign monies to weaken or abandon the rule. Do not give in. Instead, do your duty to protect investors and the American public against the self-serving interests of those seeking to undermine this rule.
Thank you for considering my comment,
Bill Barron
Lakewood, WA