Ditto to the Federal Reserve’s board of governors

Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551

Dear Board of Governors of the Federal Reserve System,

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,

Kevin Stoda
902 Pennell Street
Carl Junction, MO 64834

About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
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2 Responses to Ditto to the Federal Reserve’s board of governors

  1. eslkevin says:

    Thank You for Taking Action
    Thank you for sending your comments to the agencies seeking input from the public.

    Are you ready to send comments to one more agency that wants to hear from you?

    Follow the links below to take further action.

    Send your comment to the National Credit Union Administration (this agency requires that you write your name in the subject line of your email message).

    Spread the word (urge your friends, neighbors, family members and colleagues to take action too)

    If you have any questions, please don’t hesitate to email us: action@citizen.org

    Thank You for Taking Action
    Please Scroll Up for More Action Steps

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