September 2, 2011
I am sure you are aware of the severity of economic conditions worldwide, seriously impacting our markets and, therefore, negatively impacting the value of investments in our retirement accounts and other investment accounts. REITS make up a substantial portion of many portfolios, especially those seeking higher income in our low-interest rate environment. Any attempt to limit the tax advantages of REITS or to limit their ability to use leverage would result in diminishing the value of those assets held in the accounts of many Americans...not just Wall Street, but also main street. I can't imagine entertaining any changes that would have a negative impact on any industry or the markests, especially at this time. I see no reason to implement any rule/law change that has the potential to send the market into another tailspin.
Thank you for your consideration.