Americans lost billions of dollars from pension funds and homeownership values because of the highly risky hedge betting practices of Wall Street, corporate greed and predatory lending practices. We were losing everything we have worked for while big bank got bailed out by the same people who stole from the taxpayers. If they can get bailed out and tax relief for its reckless behavior that put all of us at risk, then surely the American people who did nothing wrong could get some relief through compensation or tax credits. I propose the IRS code should realize those losses as a “Casualty or Theft Loss” deduction to be recouped over a period of 10 years which were from an identifiable event that was sudden, unexpected and unusual in nature. Admend tax returns and claim these deductions



