From: JAMES TEIXEIRA [mailto:JTEIXEIRA@cityofmartinez.org]
Sent: Thursday, September 16, 2004 8:51 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
How does the
FDIC think it's proposed action is somehow going to "help" American
banks, investors and the average American? I oppose the FDIC's proposal
to allow banks with assets above $250 million to be examined as small
banks under the Community Reinvestment Act. Without full review of
banks in the 250 million to 1 billion range, this policy would encourage
an increase in economically discriminatory practices, while reducing
appropriate vehicles for lending, investments and services in low-income
communities, which by the way, need it the most. Start thinking about
how your policies create a more just society for all Americans, not
just the rich and corporate welfare cheats. Full review should mean "full" review,
full disclosure should mean "full" disclosure.