I've been talking about this on various threads. I have skinny ankles and totally understand what you mean about too loose booties. I'm also only 5' so I understand what Traci means by having them hit at the wrong part of the ankle. I looked all last year for the perfect booties (walkable heel height) and had zero luck. This year, after trying on EVERY pair of booties at DSW, I bought two pairs of Impo Novice booties at DSW, in cobalt blue suede and a leopard print. You can see them here in this thread:
http://youlookfab.com/welookfa.....th-a-dress
They may not be what you're looking for but they are super duper comfortable, easy to walk in (not too high) and I personally prefer accentuating the slim ankle with sleeker fit around it. All the booties that are loose and are supposed to be that way made me look like I was a kid clunking around in mom or even dad's shoes.
I also liked these a lot -- but they were a higher heel and not quite as comfy:
http://www.dsw.com/shoe/me+too.....7s%20Shoes
These were not bad:
http://www.dsw.com/shoe/madden.....cat1100004
They were loose on the ankle and a smidge too high but not annoyingly so, and the proportions to my eye were just right. However, I did not like the color choices. You might. The buckle details are cute!
I don't see it on DSW's site now, but there was also this awesome pair of purple suede wedges that I did debate about. Ultimately I thought the heel was too high. I forget the brand.