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FDIC Federal Register Citations


From: Ferdinand Ramirez [mailto:andyarrow@earthlink.net]
Sent: Thursday, September 16, 2004 1:00 AM
To: Comments
Subject: SPAM::12 CFR 345

Arrow Imaging Solutions, Inc.
Tampa, Florida 33611

We are a Latino small business owner in Tampa, Florida and your proposal to reduce the CRA requirements is NOT GOOD for the community, NOT GOOD for the economy and certainly, NOT GOOD for the country!.

In Florida, this is definitely not the time to make things easier for these institutions. We have been through 3 and now a possible 4th hurricane and God only know's what until the season ends in November, 2004

We need these banks to come up to the plate and assist our communities to rebuild and our businesses to recover, expand and create new jobs. As it stands, these institutions are always looking for the "easy way out". They give money to the opera, performing arts and zoo's and call themselves meeting "CRA Responsibilities". These things all serve a purpose, but they should not be a substitute for these institutions meeting their responsibilities to the local communities by assisting the minority community to rebuild, the minority small business to expand, create job, that in turn will assist families to purchase homes, etc. If you don't have a job, you can't buy a house!

At the present time the only thing that minority small businesses and communities have going for them is the proverbial "big foot of the CRA " that brings these executives to the table to hear the concerns of the community and "encourage" them to actively participate in the economic development and prosperity of the people who they are so willing to market to and want them to place their money in their banks.

Small minority businesses are at the forefront for new immigrants looking for employment and individuals looking for second chances. They need to be able to easily access capital, qualify for low interest loans and business lines of credit, everything big business needs with the same amenities and opportunities, not less.

The proposal to reduce the CRA threshold will widen the loopholes that already exist in CRA. These banks will delay or totally ignore their responsibilities to the communities they serve. The gap between the "have" and "have nots" will widen.

This has happened long enough. Opportunities must be provided that will allow these emerging markets, (as we are now called...that will soon be the majority and are already in several states) to participate in the economic wealth of this nation. If not, then who will support these institutions in the future. White America is getting old and the future of our nation is in it's diversity. Look around, the future Americans are Brown, Black and Asian. Wake up...don't do less, do more. Reverse your action now!
Porfiria Ramirez and Ferdinand Ramirez


--- Ferdinand Ramirez



 

Last Updated 09/17/2004 regs@fdic.gov

Last Updated: August 4, 2024