WESTSIDE INDUSTRIAL RETENTION AND EXPANSION NETWORK
From:
Carolyn Strama [mailto:Carolyn@wire-net.org]
Sent: Thursday, September 16, 2004 2:31 PM
To: Comments
Subject:
I 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 would reduce lending, investments and services in
low-income communities. Policies that will make it easier for banks to
avoid lending in low income communities like the one served by our
organization will harm investments in housing, retail and industrial
development, and lead to a vicious cycle of reduced tax base, reduced
employment, and eroding public services (safety, infrastructure,
education, etc.).
Carolyn Y. Strama
Executive Assistant
Westside Industrial Retention and Expansion Network
6516 Detroit Avenue Suite 3
Cleveland, Ohio 44102-3057
Phone: 216-631-7330 ext.112
CStrama@wire-net.org
