Alicia Hernandez [mailto:email@example.com] Sent: Wednesday, November 12, 2008 9:31 AM To: Comments Subject: RIN # 3064-AD37
Sheila C. Bair
Chair, Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429
Dear Chairman Bair:
am gravely concerned about the potential unintended consequences to the
Interest on Lawyers Trust Accounts (IOLTA) program associated with your
announced Temporary Liquidity Guarantee Program (TLGP).
Please make an accommodation as you implement your interim rules to ensure
that the critical resources generated by the IOLTA program to provide legal
representation to the impoverished are not adversely affected.
IOLTA funds provide a critical source of revenue for legal services programs
in Texas. Without them, program funding will be slashed possibly up to
50%. This would mean severe cuts in services to the poor who will not
otherwise have any hope of getting help for their legal problems. The door
allowing them access to the American justice system will be slammed in their
faces. In addition, legal services programs will be put under such a
serious financial strain that job cuts would be likely, sending even more
people to the unemployment lines.
understand that TLGP is meant to help the banking system. That is a good
thing. But please make changes to the program that will not have further
adverse affects on poor people who are already struggling every day to meet
their basic needs. Please remember them.
Alicia E. Hernandez
Attorney & Director
Dallas Volunteer Attorney Program & Community Services
Dallas Bar Association
2101 Ross Avenue
Dallas, TX 75201