Subject: Comments for File Number S7-12-11

May 26, 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 to delay the bonuses for three, five or more years. That way, weíll 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.

They do not need bonuses. Period. People work, earn money, and have a job, so many don't. A job is their bonus. Lets' try to make sure everyone has a bonus, not just a select few. Regulate them to having a bonus of a job and thats it.

Thank you for considering my comment,

Deb Fritzle

Amherst, VA