Subject: Comments for File Number S7-12-11

May 24, 2011

The wealth redistribution that we have endured for the past 30-some years has obviously taken a very heavy toll on this country. The very survival of this country requires that we abandon this agenda.

Wall Street greed and outrageous pay practices were a major cause of the collapse. One way to change the incentives so they don't collapse our economy again would be to delay the bonuses for three, five or more years. That way, we'll know if the loans they made in year one remain good. In the bad days, bankers paid themselves on the volume of loans (mortgages) they generated, not on their quality.

Thank you for considering my comment,

Diane H Fabian