09-26-2008, 10:35 PM
Thank you for setting me straight, Joe. My local bank in a small depressed rural area _was_ encouraged to make loans "more available" to minorities and low income (mostly Mexican) families and I believe the three bankers I talked to. They even showed me the file folder of CRA guidlines and recommendations (various pamphlets and brochures published by the CRA).
Perhaps because of our local rural "depressed" state, my bank was targeted? I don't know, but, as a stockholder, I'm glad the officers of my bank did not "comply".
Perhaps because of our local rural "depressed" state, my bank was targeted? I don't know, but, as a stockholder, I'm glad the officers of my bank did not "comply".