From: Stephen Singer [mailto:singer2@design.upenn.edu]
Sent: Thursday, September 16, 2004 10:24 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I strongly oppose the FDIC's proposal to allow banks with assets
above
$250 million to be examined as small banks under the Community Reinvestment Act.
This
policy would reduce lending, investments and services in low-income
communities. Requiring that businesses that benefit from local investment
use that money within the community is both ethical and fair. Poorer
neighborhoods stripped of their assets are not a private problem,
they are
a public ill that affects all of us.
Stephen Singer
City Planning Master's Degree Candidate
University of Pennsylvania
Philadelphia, PA
