Americans should prepare ?for another banking crash

I'm sure Robert Wilmers, chairman and CEO of M&T Bank, meant well in feeling The News editorial of May 17 "unfairly condemned all banks for the bad deeds of a few." Wilmers referred to a "handful of gigantic Wall Street banks."

Why then, in today's American Banker, regarding the Federal Reserve decision "to subject even the smallest lenders to comply with elaborate Basel III bank capital standards," do they post: "our own view is that ... the Federal Reserve's decision to apply international banking standards to all 7,300 U.S. banks is about as shocking as finding gambling going on in a casino"?

When money and banking students examine the financial system, the rightful worries are extensive. Banks use the skewed Fair Isaac System for credit scoring, when credit administration teaches using the four C's: character, capital, capacity and credit history. The ratings agencies themselves have been criticized for being unduly influenced by the banks.

A June 8 News editorial mentions, "Extra fees slam students." Fees of many kinds have become onerous and endemic, penalizing the least able members of a community.

Thrifty savers are subjected to industry-wide "financial suppression" with interest usually less than 1 percent per annum, while banks can access virtually costless funds from the Federal Reserve, purportedly to save the banks from their own lending excesses.

The problem with money is that it is of a kind, fiat currency creation, that has demonstrably been depreciated more than 90 percent in the last 100 years, while it can be contended that hoarding and misapplication are a major cause and exacerbation of unemployment and underemployment.

According to former regulator, professor William Black, these deficiencies are not being reduced. They are raising the risks of another and greater money and banking crash, in which all banks will be involved.

David R. Conners



Traveling Vietnam Wall ?will make a stop in Eden

A May 28 letter writer expressed a desire to see the Vietnam Wall, so that he could find his friend's name. I have seen a poster concerning the Vietnam Traveling Memorial Wall, which is near full size. It is scheduled to be on display 24 hours a day from noon on July 19 through 3 p.m. July 22 at the Newell-Faulkner Post 880, American Legion, 2912 Legion Drive, Eden.

I understand that it is well worth experiencing and it may bring some peace to those who feel a deep desire to see the Vietnam Wall.

Sandie Davison



Beloved dog could serve as role model for people

One of the best teachers I have ever had in my life is my dog, now a "seasoned senior" 10-year-old Sheltie named Kelsie. She has demonstrated some of the greatest qualities of character that I have ever witnessed. I have learned that loyalty is forever and is never compromised by difficult events that just happen or circumstances that present themselves when unexpected. I have learned to believe that true friendship is a virtue worth striving for and never diminished as the days and years pass by.

I have witnessed how one can leave yesterday's concerns behind and not worry about what might happen tomorrow but live and enjoy the "now" in one's life. Breathing in that fresh air in the early morning is a blessing that should never be overlooked. Resting together in the middle of the day with only the sounds of the wind blowing in the trees and the birds singing to one another is a treat that should never be missed.

When the sun sets and the night time skies unfold, the companionship and trust nurtured during the day may present itself to savor together a peaceful and protected sleep. If patience is valued, it must be present continually and offered as a gift when stressful moments present themselves.

Always the perfect listener, my dog hears the saga of each day's journey and is never judgmental, but supportive and forgiving. Never asking more than a punctual meal each day and fresh bowl of water, and maybe even an occasional treat, greed has never entered the picture. If quality character descriptors are listed and itemized, my dog has demonstrated a litany of the best of them, and she has truly earned my gratitude and appreciation.

Tom Hoolihan



We need tougher penalties? for drivers who break law

After watching and reading about the tragic case against Dr. James Corasanti, it should come to everyone's attention that there are too many cases of driving while intoxicated, people driving with suspended licenses and people driving with no licenses or car insurance. Sometimes, the result is an accident or death.

New York State residents should demand from Albany stricter laws, not just points on a driver's license or fines. My wife was in a car accident with someone without insurance and nothing happened to that driver. Maybe a little jail time for offenders would make them realize what they are doing to victims and their families.

Anthony Speranza



Keep bike lanes open ?and keep cyclists safe

We are all responsible for following the rules of the road; we are all responsible for each other.

It is that time of year when more and more people pump up their bicycle tires and start commuting to work on bike, go out for leisurely bike rides or even train for races.

Buffalo has made some commendable efforts in making our city bicycle friendly; the bike lane on Richmond Avenue is but one example. I drive down Richmond every day. Without fail, at least once per week a car will drive in the bike lane or pass other cars in the bike lane. This is not only dangerous, but it is selfish and potentially deadly.

Bike lanes are not there for the convenience of motorists. Bike lanes are dedicated as such to help keep cyclists safe. Let's all remember to follow the rules of the road whether we are driving vehicles, riding bikes or even running. We count on each other to stay safe; let's all play by the rules.

Christine Vogel



What a poor argument ?to justify homosexuality

A June 3 letter writer quotes "the biological evidence of homosexuality in the animal world."

While that is true, my question to him is very simple: Since when are animals our role model? Some animals practice cannibalism. Should we find it an acceptable practice among humans, too? Some animals devour their own creatures or even mothers. Some mammals abandon their babies if they cannot care for them. Lions, gorillas and polar bears may kill the babies of a different male if they wish to mate with their mother.

No, that is a very poor, and wrong, argument to try to justify the "science" of homosexuality.

Carolina Galan