Subject: File No. S7-34-11
From: george t smith
Affiliation: retired

September 6, 2011

I think the SEC should not interfere with the tax status of Mortgage Reits. I am retired, and live on my investment income. I rely on the extraordinary dividends paid by these entities. Your solicitation of comments has already caused a large drop in the stock prices of these entities because of the FEAR you have created. Please issue clarifying statements to the public that such changes are governed by the IRS, and not the SEC.
Thank you.