August 15, 2012
Chairman Schapiro
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090
Dear Chairman Schapiro:
The money funds:
The NAV of the funds, liquidity, and the stability they offer clients is absolutely vitale in maintaining client confidence. The destroying of them will do nothing but force the money out of the system totally and under beds. The action will not push the money into the money stream.
Sincerely,
Keith Weltens