From: Bonnie Kindred [mailto:BKindred@mercyhousing.org]
Sent: Thursday, September 16, 2004 1:27 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Ladies and Gentlemen of the FDIC:
I absolutely 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 will reduce lending and
investments and services, especially affordable housing, in low
income communities.
As a former employee of the FDIC and now a professional in the
affordable housing development field, I know that a $250 million
bank is in no way “small”, and this appears to me to
be another attempt by the Bush administration to take from the
poor and give to the wealthy. In addition, choosing this time to
do this, during the elections, will ensure that the media does
not take the time to bring this issue to the public, which is an
underhanded move of obvious intent.
Most of us are so busy working for a living and trying to overcome
the multitude of obstacles already in the way of the average person
in day to day life, that you were probably banking on this issue
falling under the radar screen. It would be nice if agency of the
federal government would spend time trying to serve people instead
of subvert efforts to serve people.
_______________________________________________________
Bonnie Kindred, Loan Officer
Mercy Loan Fund
1999 Broadway, Suite 1000
Denver, CO
