Subject: Comments for File Number S7-12-11

May 26, 2011

I will NOT invest in any stock or mutual fund without a strong Consumer Financial Protection Agency.

I will NOT bank at Bank of America or any "too big to fail" bank.

I wouldn't go near a bank brokerage until there are sufficient regulations in place to know that I will be dealt with honestly, and risks will be forthrightly presented.

I will NEVER trust a bank that rewards executives for risky, short-term financial shenanigans such as those that brought down our economy!

Currently, most bankers receive stock options. So if they can generate more profits, the stock price goes up, and their options become more valuable.

Instead, what if they used the bank’s bond price, which measures the overall ability of the bank to repay its own debt? Another measure of bank stability is the spread on credit default swaps (the insurance-like policies that are essentially bets, where one gambler bets with another that a particular firm will fail). The closer a bank comes to failing (such as in failing to pay of its bond debt), the bigger the spread on credit default swaps.

Thank you for considering my comment,

Susan S. Pastin

Chicago, IL