From: Baumgartner,
Jeffery
Sent: Friday, August 27, 2004 10:53 AM
To: Comments
Subject: rin 3064-ac50
Dear Sir,
This proposed
rule change is just another move by the "greed
and avarice"
banking community to cherry pick investment opportunities. Who would
blame
them. It's easy to do business with good credits but these institutions
have a local franchise and a license. These privileges require a
corporate
responsibility to serve people who would not normally have banking
services.
I'm sorry to see that the government has to get involved but the
private
sector is incapable, because of their lack of moral compass, of serving
the
more disadvantaged of us.
Therefore, I firmly oppose increasing the exemption to $1 Billion.
Sincerely,
Jeff Baumgartner
Board member St. Cloud MN.
Housing and Redevelopment Authority
Senior Vice President-Investments
Piper Jaffray
4150 2nd St. So. #500
St. Cloud,MN 56301
