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To: raybbr
The Fed has a way of pushing an Industry without setting law. I dont know of a law against red lining, but I do remember lots of saber rattling demanding that re-lining come to an end.

I used to work for a bank, doing reports for Feds. Salary and job ranking was reported by categories - Gender, race ,age. There was no law demanding that 10 percent of employees be black, or that women made the same money. But you can bet when the CEO’s reviewed these reports, they changed policy. You know the Feds were going to read them.

No law required.

15 posted on 12/08/2007 5:28:40 AM PST by PA-RIVER
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To: PA-RIVER

I think the whole push by the government to make everyone a home owner is the root of this problem, there are a whole lot of people out there that just can’t handle it.


17 posted on 12/08/2007 5:38:34 AM PST by bigjackattack
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To: PA-RIVER
I used to work for a bank, doing reports for Feds. Salary and job ranking was reported by categories - Gender, race ,age. There was no law demanding that 10 percent of employees be black, or that women made the same money. But you can bet when the CEO’s reviewed these reports, they changed policy. You know the Feds were going to read them. No law required.

I don't buy it. If CEO's wanted to do something in the '80s they did it. People around here, and including Limbaugh, are claiming that Congress passed laws. I have yet to see evidence. I really would like to see the law.

21 posted on 12/08/2007 5:49:55 AM PST by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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