New Controversy: Financial Reform Bill Contains Quotas For Minority Hiring On Wall Street(LOL)

Business Insider ^ | 07/28/10 | Joe Weisenthal

[TigerLikesRooster]

New Controversy: Financial Reform Bill Contains Quotas For Minority Hiring On Wall Street

Joe Weisenthal | Jul. 28, 2010, 5:27 AM

This is always how it goes with big bills. Politicians and the media focus on a few big issues (prop trading, the Consumer Financial Protection Agency, etc.) while small, but controversial measures, get slipped in the back door, and then become the subject of fascination several days after the bill has passed.

It happened with healthcare, after people suddenly realized there was a provision to go after fast food.

And now with the Dodd-Frank Act, according to POLITICO, there's a measure, authored by Maxine Waters, that essentially mandates a certain amount of minority hiring at firms that do business with the government, which is everyone

[TigerLikesRooster]

I love this. What better way to relegate Wall St. to a bunch of incompetent idiots who are not even smart enough to suck us dry!

[TigerLikesRooster]

P!

[Man50D]

The bill is unconstitutional since Article 1 Section 8 does not specifically list regulating finance as an enumerated power! The people are not bound to comply with an unconstitutional act! It is time for the people to defend the Constitution by openly defying all unconstitutional acts!

[silverleaf]

this actually creates 4 jobs
1 for the minority person hired, and 3 more
-1 to really do the job
-1 to run interference so clients dont get screwed and walk away from the business while also stroking the minority person’s ego
-1 to clean up after the incompetence

[TornadoAlley3]

This is not new news, Rush talked about this weeks ago. Media knew, Politico knew, and today on MSLSD, Politico presents this as breaking news...after the vote. Supposedly, one of the Maine twins is upset she didn't read the bill, had no idea this was in it before voting for it.

[raybbr]

There are also racial quotas built into the health care bill. They are not as blatant but they are there.

This is what Obama is all about - redistribution.

[Dallas59]

Your smart? LOL! We hired you because of your skin!

[EQAndyBuzz]

When I take any EoE survey I always put other.

[agere_contra]

Affirmative action = institutionalized racism.

There is nothing here to love. This is completely poisonous and must be reversed.

[SumProVita]

Was there not ever a law passed to end “quota” hiring?

[advance_copy]

Senator James Webb (D-VA) voted for this.

[DuncanWaring]

Finally, Martin Luther King Jr.’s dream has been realized - we are judging people by the color of their skin rather than the content of their character.

[central_va]

Instead of AA we should just go with a tax on being caucasian. White tax. /s

[equalitybeforethelaw]

From a practical point of view, we could all claim to be African American or Native American and force the Feds to come up with a race test. That would be pleasant.

[MrB]

Why doesn’t Congress just pass a law that says that whitey must work his ass off and give all his income to “African-Americans” because that would be “fair”?

At least they’d be honest about their intentions with such a law.

[lwd]

tax on being caucasian

The tax on tanning booths is arguably exactly that.

[Wurlitzer]

One more attack on us from the “Klan with a Tan”.

But cheer up, they did such a wonderful job once they gained control in cities like Detroit.

[Leftism is Mentally Deranged]

Race quotas are illegal, even if found in a law.

[raybbr]

Why doesn’t Congress just pass a law that says that whitey must work his ass off and give all his income to “African-Americans” because that would be “fair”?

[wmileo]

"Senator James Webb (D-VA) voted for this."

Webb is a sorry excuse for a U.S. Senator even during these times.