From: Mpkmayo@aol.com [mailto:Mpkmayo@aol.com]
Sent: Thursday, September 16, 2004 7:57 PM
To: Comments
Subject: CRA
Greetings:
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. This policy would reduce lending, investments and services in
low-income communities. This is a disastrous idea that will adversely
affect distressed, decaying, and older communities/neighborhoods.
The bottom line is, as a country we should be doing all we can to
uplift and empower those people and communities that our not as well
off as others. There is no justification to change the CRA at this
time. Do not make the unfortunate mistake of turning a blind eye
to the needs of other Americans when the country continues to head
in a downward spiral. Employment and economic statistics do not support
such a change to the CRA and the proposed change will not help the
communities and people it is intended to.