May 26, 2011
Iím writing because so many people I know were affected by the economic collapse of 2008, 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.
In a society where more and more Money is considered the highest morality we need to have regulations and oversight.
Thank you for considering my comment,