Subject: File No. S7-34-11
Affiliation: INVESTOR, M.B.A.

September 8, 2011

Honorable SEC Committee and Chairperson,

I wish to take the opportunity to state my agreement with the excellent comments of Mr. Jeffrey Cross, CEO, Cross Capital, Inc. made on Sept. 5, 2011.

As an investor, I can point out the unpleasantness of having to deal with the roiling of the markets when the SEC even hints at potential rule changes. Uncertainty at any time -- but certainly in these difficult times -- is unwelcome in the Financial Markets.

Yes, I am long Annaly Capital Management. To date, I have been most impressed with the Management by Mr. Farrell. I believe the ANNALY management team to operate in the best interest of the shareholders and the company.

Please make no substantive changes.

Thank you in advance for your thoughtful consideration of my position.


M.A. Higgins