Subject: File No. S7-34-11
From: Arthur E. Krumholz

September 3, 2011

To Whom It May Concern:

Your request for feedback on REITS have panicked REIT investors and they they have been selling like crazy. I have lost about 20% of my investment in REITS and now feel poor and will limit my spending x millions of other investors, causing the economy to get even weaker. This my friends is not helping our President. We have to think twice before making public statements. We have to say will this help or hurt American investors and people in general.
Thank you for your attention.

Arthur Krumholz