September 26, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
At the center of the speculative bubble that crashed our economy 5 years ago is the financial industry. Many things will need to be done to keep this industry from crashing our economy again before we can re-build it. Not since the great depression has the financial industry been so deeply embedded in an economic crisis and with dastardly results: a huge crash which has affected the whole world's economies and put capitalism itself into question for billions. Nice job Wall Street!
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 to weaken or abandon the rule. Do not give in. Instead, weigh your duty to protect investors, the American public, the institutions of capitalism and the global economy. The SEC is no doubt the example to all securities regulatory bodies in the world. You have to stand up against the narrow, ideological, self-serving interests of those seeking to undermine this rule.
Thank you for considering my comment,
Ron Jones
Salt Lake City, UT