Subject: End Wall Street's Game of 'Heads I Win, Tails You Lose' s7-12-11

May 27, 2011

Elizabeth Murphy
100 F Street, NE
Washington, DC 20549

Dear Murphy,

Dear Regulator and Person of Influence;

Our country and indiviuals in it have suffered severe financial losses directly attributed to the irresponsibility of Wall Street. Further the recession which was in a huge part triggered into motion by Wall Street has cause economic distress for everyone from the lowest income level to cities, counties, states and the country as a whole. Our country was built for all not for a very few who have controled power over financial matters and who reape huge rewards from their wreckless actions. The power and strength of this country is a balance of power in government. I assert that the CEOs who have immense power over the finances in this country should not be rewarded for their actions that are detrimental to the good of the Wall Street, business and this country.

I am enclosing the following form letter because I I do not want to miss any ovf the points

"America paid a terrible economic price because of irresponsible risk-taking by Wall Street executives. Those executives took those risks because they knew that they could walk away with billions of dollars in bonuses and stock options and never pay for the long-term consequences of their actions. We need tough rules so that Wall Street pay packages don't encourage short-term risk taking.

Your rules should require at least a five year deferral period for executive bonuses at big banks, ban executive hedging of their pay packages, and require specific details from banks on precisely how they ensure that executives will share in the long-run risks created by their decisions. It should apply to the full range of important financial institutions, and draw in all the key executives at those companies.

Once this rule is passed, only you will know the details of its enforcement. But it's important for the public to know the progress you are making on this vital issue. You should report back to the public annually with a detailed report on progress in creating accountability for Wall Street pay. " "

Referencing Docket No.'s:

OTS: RIN 155-AC49
OCC: RIN 1557-AD39
Fed: RIN 7100-AD69
SEC: RIN 3235-AL06
FHFA: RIN 2590-AA42
FDIC: RIN 3064-AD56


Ms. Patricia Ford