Subject: Comments for File Number S7-12-11

May 26, 2011

Iím writing because my family and I, our entire nation and economies around the world have been affected by the economic collapse of 2008, and we donít want it to happen again.

I have a few words to say: Regulate, regulate, regulate, regulate, regulate, and regulate. Unfortunately even adults do not behave like grownups and need to be regulated. Unfortunately there are those among us who suffer from poverty of the spirit, whose actions are antisocial and that is why we have laws. Regulate.

One way to change the incentives so Wall Street doesnít collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains. Act. Use the law. Prosecute. Sue. Regulate

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. Act. Use the law. Prosecute. Sue. Regulate

Thank you for considering my comment,

Laurel C B Stranaghan

Comfort, TX