Subject: Comments for File Number S7-12-11

May 26, 2011

Iím writing because my family and I were devastated by the economic collapse of 2008. Having lost millions, my extended family fought over the remaining assets until no one will ever speak to each other ever again. My 82 year old father just wants to die. Everyone's lives have been drastically altered for the worse. My point is that economic mismanagement, greed and fraud have real bad consequences for real people and the nation.

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.

Thank you for considering my comments about real life from a real person (not some fictitious corporate personhood),

Bruce Kran

Reno, NV