From: Jerry Wayman [mailto:JWay439@aol.com]
Sent: Tuesday, September 14, 2004 3:30 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50
Jerry Wayman
7265 Forrestwood
Independence, OH 44131
September 14, 2004
Federal Deposit Insurance Commission
Dear Federal Deposit Insurance Commission:
I am quite concerned to hear that the FDIC is considering raising the
comprehensive CRA exam threshold.
I agree with the National Congress for Community Economic Development
that these proposed rule changes would have a devastating effect on
affordable housing and community development investment throughout the
nation, particularly in rural areas.
President Bushes comments promoting an "Ownership Society" are
disingenuous if the actions of administration officials he appoints
undermine efforts to ensure that affordable capital is available for
increasing minority homeownership and small business ownership for women
and minorities.
