Subject: File No. S7-07-13
From: Darlene Molina

September 24, 2013

I’m writing in support of a strong Dodd-Frank rule 953(b).

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 to weaken or abandon the rule. Do not give in. Instead, weigh your duty to protect investors and the American public against the self-serving interests of those seeking to undermine this rule.

Ive said it as far back as 2006, because of seeing reliance on 2 or 3 jobs or overtime just to qualify for a home loan, that stagnating wages was the true cause of the credit crisis- not the unwillingness to repay. I stand by this statement still today, as rising property taxes, and inflating costs continue to strip wage earners of their dignity and ability to be home with their families in a home of that they own instead of finding themselves foreclosed on and out on the streets - the shame of this belongs to belongs to CEOs pay being 400% above that of the average worker, that is the biggest problem beyond outsourcing jobs to maintain that greed. Something needs to be done, Dodd-Frank Rule 953(b) is a step in the right direction. 

Thank you for considering my comment,

Darlene Molina