May 19, 2011
Iím writing because I was affected by the economic collapse of 2008, and we donít want it to happen again.
My home is worth a fraction of it's purchase price and I have been unable to sell my previous home, no matter how much I lower the price. As I result, I am struggling to handle two mortgages, hoping for better times.
Meanwhile, the greed on Wall Street runs rampant. Their bonuses, their hubris, their arrogance must come to an end - for all our sakes.
One way to change the incentives so Wall Street doesnít 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.
Thank you for considering my comment,