Government affirmative action now gives a 5% advantage to “minority” owned bidders. All they have to do is find a minority company to name as a “partner”. In other words whole firms exist only to reap the benefits of not being the lowest bidder any more.
FYI.. a good read..
1.The Dakota, as most hi-end NY coops, will only allow apts to be purchased for all CASH... It seems that JP Morgan Chase gave him a loan, based upon the value of the co-op shares...i.e., a mortgage..again..a normal transaction, but to secure their loan, the bank would have to record the lien against the proprietary shares of the co-op, and the board would have found out...so, did JPMG NOT file the lien, which meant that he got very special treatment...
2. Re the lawsuit at Kidder, Peabody...while I guess he could refuse to divulge his trading strategy, since he was trading FOR KP, all the trades were cleared through the firm..will all the tickets, it isn't hard to reconsruct what he was doing..
I notice that whenever he was cornered, he played the Race Card..........