Subject: File No. S7-12-11
From: Teresa Hargrove

May 29, 2011


It is only right that financial institutions insured by the FDIC should be prevented from taking absurd risks with their investments.

I’m writing because my family and I were affected by the economic collapse of 2008, and we don’t want it to happen again. The little bit of savings that I had, as a self employed person, managed to put away for retirement is severely reduced, as is the income I counted on from interest payments. I've stopped fully funding my IRA because I need that money in my savings now, to live on.

One way to change the incentives so Wall Street doesn’t 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.

Thank you for considering my comment,

Teresa Hargrove

Nashville, TN