FDIC Federal Register Citations

From: sohail salahuddin [mailto:ssalahuddin@nyc.rr.com]
Sent: Thursday, September 16, 2004 3:02 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

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.

Further more as banks get subsidized by the Fed through easy money policies to bail them out if necessary the banks should have to contribute a premium for this facility and invest more money in Asian communities, specially the ones being targeted and profiled under the Patriot Act. These communities are always being harassed, stooped, and are unable to travel by air for fear of being taken away by homeland security or other enforcement agencies. Thats called being terrified. Thank you.

Sohail Salahuddin
Financial Management & Consulting Services
Tel: 718-302-0615 / 917-796-6887
953 Metropolitan Avenue, #2R
Brooklyn, NY 11211