From: Will Kemper [mailto:will@cohorealty.com]
Sent: Wednesday, September 01, 2004 7:56 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
One of the biggest differences between America and developing
countries is the ease of access to capitol for everyday citizens. Home
ownership rates in the US dwarf rates in developing Asia for example and
small businesses here flourish while a few companies control a majority
of the commerce in places like South Korea. To what extent the CRA is
responsible for regular Americans having access to capitol I am not
sure, but if it isn’t broken…don’t try to fix it.
The banks are lobbing hard to save costs and to free up their money
for the easiest to manage highest return investments, who is lobbying to
make the US the strongest, freest nation on earth, hopefully you are at
the FDIC.
Please don’t increase the threshold to be defined as a small bank.
