From: rossandconnie@comcast.net [mailto:rossandconnie@comcast.net]
Sent: Thursday, September 23, 2004 12:06 PM
To: cra@ruralstrategies.org; Comments
Subject: SPAM::Community Reinvestment - RIN 3064-AC50
name: Ross E. Mitchell
address: 10011 Battleridge Pl
city_st: Montgomery Village, MD
zipcode: 20886-1042
I strongly oppose the proposed rule changes in the Community
Reinvestment Act (RIN 3064-AC50). This action will do harm to rural
communities. : Most of America's big cities are still a segregated,
impoverished, broken-down mess thanks to the influence of federal
lending policies, redlining in particular. We need to protect access to
credit, especially fair and affordable housing and community
revitalization financing, for all Americans regardless of where they
live.
Our government should do everything it can to establish a finance
system where honest people can take out honest loans. Please, do not let
banks become justified in callous or unfair lending practices.
I do not protest honorable business dealings that consider the risks
associated with making loans. I do protest the denigration of an
important segment of our society by the excessive protection of banking
interests over lender interests.