FDIC Federal Register Citations

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