Update--The comments have all been submitted to the FDIC. Thank you to everyone who commented!
If you are still looking to comment, and it is still Friday the 19th where you live, you can submit comments directly to the FDIC here.
In 2008, the world economy crashed because of excessive risk-taking behavior by banks and other large financial institutions. This wasn't an accident. Even now, at many of those institutions, the more risks the executives take, the more they are paid.
To stop this behavior, the Federal Deposit Insurance Corporation (FDIC), is proposing a new regulation that will financially penalize banks that reward executives for taking excessive risks. Before they pass this regulation, they want to hear from the public.
We need to get new regulations like this passed. So, please, tell the FDIC what you think of this new regulation. Post a comment to this thread, and we will submit it to the FDIC for you before Friday's deadline.
We checked with the FDIC, and confirmed they would accept comments in this form. If you don't have an account, just sign up and make one. It is quick and easy.
The banking industry is still doling out huge bonuses for excessive risk, and has spent tens of millions of dollars on lobbying against regulations such as these. We can never outspend them, or even equal them. The only weapon we have against them is our populist anger.
So, follow the advice of the Emperor in Star Wars, and release your anger. Post a comment to this article, and tell the FDIC what you think of banks rewarding executives who take excessive risks that lead to economic catastrophe.
Off-topic comments will be deleted. Also, don't make any threats or incitements to violence. Still, when voters aren't angry, politicians don't respond. So, don't be gentle.
Please post a comment, and may the force be with you!
Update: In the comments, lutton raises an important question:
Don't most of these public comments require real name/ID/address to prevent astroturfing?
I'll be glad to post a comment here either way, but are there alternatives avenues those of us with pseudonymous IDs should consider?
Now, I was told it would be fine. However, if, just to be sure, you would like to provide your name and location, that is good, too.