Subject: Comments for File Number S7-12-11

May 19, 2011

Iím writing because my family and I were affected by the economic collapse of 2008, and we donít want it to happen again.

Wall Street greed and outrageous pay practices were a major cause of the collapse. One way to change the incentives so they donít collapse our economy again would be for regulators to use a *safety index* for incentive compensation, instead of a profit index.

Another method for "controllng " Wall Street and Bankers' Greed, would to ask congress to Write a Federal Law governing all Corporative operations nationally (above and beyond any and all State Regulations) -- Including making the 40% top paid and controlling Officers, Board Members, and Stock Holders criminally and fiscally responsible for the actions taken which prove to be detrimental to the nation and it's citizens as a group and individually, while profitting the corporation and / or it's Officers.

Currently, most bankers receive stock options. So if they can generate more profits, the stock price goes up, and their options become more valuable.

Instead, what if they used the bankís bond price, which measures the overall ability of the bank to repay its own debt? Another measure of bank stability is the spread on credit default swaps (the insurance-like policies that are essentially bets, where one gambler bets with another that a particular firm will fail). The closer a bank comes to failing (such as in failing to pay of its bond debt), the bigger the spread on credit default swaps.

Thank you for considering my comment,

STEPHANIE SCHOENFELD