Subject: File No. S7-12-11
From: Kathy Van Dame

May 31, 2011


Please use your authority as effectively as possible to prevent future occurrences of catastrophic wealth redistribution such as the economic collapse of 2008. 

The bloated rewards available within the banking industry has served to incent behavior that is contrary to the common good.

It is not a proper function of regulation to enable rewards for insider trading, predatory appraisals, deceptive packaging, and otherwise shoddy practices that serve these 'masters of the universe'

Please 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,

Kathy Van Dame