Subject: Comments for File Number S7-12-11

May 19, 2011

I'm writing for the future. In one way or another, we've all been affected by the economic crisis, and the policies that lead up to it. I cannot say how many people I know and love who've been affected economically and otherwise, myself included. We MUST change this. I don't know why we have to keep trying to learn the same lessons over and over again. Homo Sapiens can be intelligent. Why don't we act as if we are? 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.

Thank you for considering my comment,

Gloria McCracken