May 24, 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.I'm writing because my family and I were affected by the economic collapse of 2008, and i am appalled that we bear the burden while Wall Street goes on WITH BONUSES. I am an EX mortgage broker, along with many of my HONEST colleagues.
There should never again be a too big to fail excuse When are we too small to fail? Glass- Steagall should be re- instated..Another 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,