Office of the Comptroller of the Currency
250 E Street, SW.
Mail Stop 2-3
Washington, DC 20219
Dear Office of the Comptroller of the Currency,
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. I have been unemployed in the USA for several years and have had to seek work in a thirdworld nation.
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, especially unfair bonuses and pay-offs to get officers to leave the company they have misled.
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. Moreover, a court should be able to add on interest rates when conniving to manipulate shares have been found to be part of the unfair losses to the shareholders and employees down the rank and file.
Banks and financing & Investment firms need to be particualrly under the thumb of good regulators—not weak and un-empowere regulators.
Thank you for considering my comment,
902 Pennell Street
Carl Junction, MO 64834