How come there is not affirmative action in the NFL and NBA for all races?
Our hero Ron Paul said get rid of the Fed. Sounds good to me.
OMG
Diversity is not the problem with the Fed.
Take the world’s most influential bank, fire all the bankers, and put it in the hands of Affirmative Action hires who know nothing about Banking.
What could go wrong?
and increasing diversity within the Fed....
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Always, always, always race B.S.
If it made a difference, HIllary would not be for it.
The Fed is supposed to be public/private, and from what I understand she proposes taking over the private portion, which is supposed to represent private banking, kick out the bankers and put in political minority hacks?
The last time the government ordered banks to suck up to racial groups, the housing market collapsed and caused a recession.
I want a card that works at an ATM that spits out ca$h from Bammy’s $tash.
Exactly what the country needs. Weaken the independence of the Federal Reserve, especially its “localism” features, so that President Clinton’s political appointments will vest control in DC — at the expense of the regional banks.
The Federal Reserve is, for all practical purposes, a political institution already.
When it keeps interest rates at near ZERO for 8 years, and monetizes $trillions of US Government debt - it no longer cares about the integrity of the money supply, it is in the business of politics.
Now Clinton will simply take it the final step - formalize the complete socialization and total political take over of the most important commodity there is - money.
There is always a “free market” but our currency won’t even be close to it, and it will surprise and hurt in many ways. We are on the path to Venezuela status.
These people are idiots. They have their house burning down and want to vote that half the firefighters should be female before any firefighting can take place.
Ahh, the ‘Cure-All’, DIVERSITY.........................
The Federal Reserve System is much larger and more complicated than it should be.
The system of a Board of Governors in Washington, D.C., and 12 (regional) Banks was devised as a compromise between having a central bank versus a decentralized banking system; and, also to deal with “housekeeping operations” such as clearing checks.
The fact is, the system has evolved into a central bank, and the housekeeping operations should be spun off to the private sector. There actually is no need for the (regional) banks.
Now, as to the malarky that the Fed is dominated by white males: Women have made less inroad into banking and finance than into corporate management in general. Management involves a broad range of skills, including many in which the average woman has an advantage relative to the average man (e.g., interpersonal relations). Banking and finance emphasizes the skills (abstract reasoning) in which the average man has an advantage relative to the average woman.
It is, of course, politically incorrect to recognize that we - and practically all other advanced animals - are dimorphic (specialized by sex). The other party is into denying such basic realities. Hence, the other party will eventually come to see sex differences in everything as due to prejudice, and deny the obvious fact of dimorphism.
As to race (or, ethnicity), banking and finance has no necessary connection to race. Other things equal, people of the several races should percolate up to all levels in the industry. But, it should not be surprising that individuals who overwhelmingly vote Democratic are going to have a hard time succeeding in the world of private enterprise and especially those parts of private enterprise that rely on contract and the rule of law.
Cue up Captain Obvious!