Subject: Comments for File Number S7-12-11

May 19, 2011

Business based only on the bottom line is ruining our country. Social costs need to be considered. Contributions to the good of all need to be considered. Before, during and after the economic collapse, Wall Street executives and employees were paid oversized compensation for ruining the rest of us and so the foundation of the economy. This needs to be fixed. You best know how to do this. I for one am losing confidence in our leaders and their will to regulate Wall Street. If things do not improve, I will be pulling my money out, again.

Tim Callahan