From: Carol Wayman [mailto:carolwayman@aol.com]
Sent: Monday, September 13, 2004 4:49 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50
Carol Wayman
1744 U Street NW Unit H
Washington, DC 20009
September 13, 2004
Federal Deposit Insurance Commission
Dear Federal Deposit Insurance Commission:
Despite the successes of community development locally and nationally,
the
banks and thrift institutions that provided the loans and investments
to
build new homes, businesses, and community facilities may no longer
have
the impetus to do so if you change the CRA exam threshold.
These proposed rule changes would have a devastating effect on affordable
housing and community development investment throughout the nation,
particularly in rural areas.
President Bushes
comments promoting an "Ownership Society" ring
hollow if
the actions of agency leaders he appointed are killing the very law
that
resulted in revitalized communities, increasing minority homeownership,
and increased small business ownership for women and minorities.
Please rescind your proposal.
Sincerely,
Carol Wayman
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