Subject: Comments for File Number S7-12-11

May 26, 2011

Iím writing because I was affected by the economic collapse of 2008 - to the tune of nearly one-third of the state of my finances. And I donít want it to happen again.

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.

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.

Wall Street and the nation's banking system has zero credibility with myself and tens of millions of other middle-class Americans. All the while the fat-cat bankers on Wall Street and elsewhere continue the same practices which caused the 2008 collapse. And I for one am &*^%$ mad that nothing seemingly has been done by Washington to change the system.

The time for talk is over. America needs to see some action and firm action at that!

Thank you for considering my comment,

John Andes

Mount Juliet, TN