September 3, 2011
Dear Sirs,
The proposed changes to Morgtgage REITs would, and is already having a negative impact on these investments. With declines in stock values and potential for more losses in the markets MREITS provide excellent dividends for many individuals, retired and otherwise. It is a poor idea, in the current economic climate, to be proposing chages which would push many investors out of this sector and potentially out of the stock market entirely. These changes are probably not a good idea even in good times but currently they would do no good for our economy nor the individual, tax paying , investor who is relying on these sectors for their high dividends and income potential. These dividends are taxable and good for the economy, especially in this current climate of decline.
Find something else to fix that will benefit our economy. Perhaps you could pursue more fraud and insider trading problems and leave the honest investors dividend paying investments alone.