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FDIC Federal Register Citations
From:
laurie rowell [mailto:laurie_rowell@yahoo.com]
Sent: Wednesday, October 20, 2004 1:29 PM
To: Comments
Subject: SPAM::Community Reinvestment -- RIN 3064-AC50
I want to strongly protest the passing of current measures that would
remove bank responsibility to reinvest in low-income communities.
This is not only wrong by every measure of fairness, putting an undue
hardship on the poor communities to ease concerns of banking interests,
it shows how banks have forgotten--as have all our corporate entities--that
they exist by the will of the community. FDIC regulations are not there
for the convenience of banks, but for the safety and well-being of
citizens. Banks owe a responsibility to the communities where they
exist and where they are allowed to profit.
I would think it fair for banks that can show genuine hardship to be
given a hearing that would allow them a one-year pass, but eliminating
this responsibility for all banks that have under a billion in assets
is ludicrous.
With respect,
Laurie Freeman Rowell
Issaquah, Washington
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