Subject: Comments for File Number S7-12-11

May 25, 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. My daughter lost her job as a teacher and has been unemployed for a year now and is struggling to stay afloat. Small business owners I know are having trouble getting financing for projects. I also have my 401K wiht Citi bank and their recklessness has cost me a considerable amount interems of retirement funds. Banks need to start serving communities not treating them like their prrivate piggy bank.

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,

Denise Weeks