FDIC Federal Register Citations

Mercy Loan Fund

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