May 19, 2011
I’m writing because my family and I were affected by the economic collapse of 2008, and we don’t want it to happen again.
One way to change the incentives so Wall Street doesn’t collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains.
If it turns out that the profits in a given year were built on shoddy practices that become clear in the out-years, those bonus payments should be forfeited.
I work with disadvantaged youth and I see how hard it has been for them to find jobs for the last 3 years. These people are struggling and losing hope that they will ever find a job, let alone a good job. Please put sensible regulations in place so that the economy works for everyone, not just those at the top.
Thank you for considering my comment,
Wendy Burgess