Posted on 07/14/2010 7:02:46 PM PDT by opentalk
The Dodd-Frank financial regulatory bill, ostensibly aimed at reforming Wall Street and preventing a future financial crisis, will impose racial and gender quotas on financial institutions if passed, according to economist Diana Furchtgott-Roth.
Section 342 of the bill will establish Offices of Minority and Women Inclusion in at least 20 federal financial services agencies. These offices will be tasked with implementing standards and procedures to ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement, insurance, and all types of contracts.
So called fair inclusion will apply to financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants and providers of legal services.
The provision goes on to assert that the government will terminate contracts with institutions they deem have failed to make a good faith effort to include minorities and women in their workforce.
..."So what does this mean? Are we going to get rid of anti-discrimination laws all together and just put in quotas? Could this be whats to come in other sectors?
(Excerpt) Read more at dailycaller.com ...
Well this explains why Scott Brown is supporting this crap legislation. He’s all for quotas, I guess.
Well, if this goes through, I’ll be asking my husband for 2% more of the business, and we’ll be a female owned electronics manufacturer. Think that’ll help? Not unless I can talk him into still doing everything he’s doing now.
This administration seems to have issues against white middle class males.
DISCRIMINATION BECAUSE OF RACE, COLOR, RELIGION, SEX, OR NATIONAL ORIGIN
SEC. 703. (a) It shall be an unlawful employment practice for an employer--
(1) to fail or refuse to hire or to discharge any individual, or otherwise to discriminate against any individual with respect to his compensation, terms, conditions, or privileges of employment, because of such individual's race, color, religion, sex, or national origin; or
(2) to limit, segregate, or classify his employees in any way which would deprive or tend to deprive any individual of employment opportunities or otherwise adversely affect his status as an employee, because of such individual's race, color, religion, sex, or national origin.
To this day, Democrats continue without ceasing in their opposition to the Civil Rights Act.
-- He posited that the civil rights movement, while successfully establishing social rights for all, did not pursue economic justice and redistributive change.
--Obama was specifically quoted as saying it was a tragedy that the Supreme court didnt pursue redistribution of wealth during the time of the civil rights movement. Beyond the obvious economic theory posited there, it also shows this former law professors bias about progressive judicial activism instead of constitutional activism.
I'm a gay Negro woman trapped in the body of...some other victim.
Pay me.
LOL
It also exposes his outright contempt for the Constitution of the United States of America.
This has already been a requirement of defense contractors for more than a decade.
Isn’t the government bailout just grand? Thank you George Bush for starting this disaster.
no wonder the gov’t don’t work...
--In addition to this bill's well-publicized plans to establish over a dozen new financial regulatory offices, Section 342 sets up at least 20 Offices of Minority and Women Inclusion.
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