Posted on 03/13/2017 4:30:02 PM PDT by kevcol
Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, said Bostic's appointment "is an historic step forward that is long overdue. In its century of existence, the Fed's ranks have lacked the kind of diversity — of race, gender, background and ideas — that reflects the wide spectrum of Americans' experiences and economic realities."
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, also issued a statement applauding the appointment of Bostic as the first black and first openly gay regional Fed president.
(Excerpt) Read more at washingtonexaminer.com ...
“I have a dream that my four little children will one day live in a nation where they will BE judged by the color of their skin, but NOT by the content of their character.”
Yes, that is what MLK intended!
He was misquoted.
The white reporters did not understand the dialect.
Bostic is a former housing factotum from the Obama Admin. But he’s the right color. After 8 yrs of relentless non-leadership by Obama, they want more of the same because... of course
No indication that he isn't all of those things.
IMNSHO he has an amazing likeness to Andre Braugher....
Who did (does) play a Black(easy), gay(not?) Police Capt
I know that the advent of ‘Equal Opportunity’ shut down the premise of hiring the best individual for the job.
Even the LIBS, who supposedly push that can’t really believe it as - if we were playing by the ‘rules’ it shouldn’t matter if the person is Black, White, Asian, etc etc etc or gay or Male or Female....
Since ‘we’ are hiring the most QUALIFIED INDIVIDUAL.
Trump has nothing to do with this. The Atlanta Fed Board of Directors hire him. The Fed Board of Governors rubber-stamp it.
When will the Fed be abolished?
Absolutely no Constitutional authority for its creation.
The Fed doesn't loan to individuals.
He was on the Board of Directors for the Kansas City Fed. He was not the president.
The interest rates at gay banks are fabulous.
If you don't know the difference, I have this $3 bill for you...
But, seriously, this is a nice two-fer for the next time Trump is called a racist and a homophobe. I hope it works out for him.
Fed bank presidents are not presidential appointees. Trump had nothing to do with this.
No doubt he has a degree from a university, which doesn’t mean anything these days, but his work history should be judged, not his skin.
I found this biography for him. He has never done anything in his life but go to school and serve in government or quasi-government bureaucracies. What more could anyone desire after the Fed got two punches on its political correctness card?
“Mr. Raphael W. Bostic serves as a Member of Policy Advisory Board of The Reinvestment Fund, Inc. Mr. Bostic has been an Independent Director at Federal Home Loan Mortgage Corporation since January 6, 2015. He is a leading real estate economist with extensive public policy, academic and research expertise. He served as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD) from 2009 to 2012. He was a principal advisor to the Secretary of HUD on policy and research. He has served as the Bedrosian Chair in Governance and Public Enterprise at the Sol Price School of Public Policy at the University of Southern California since 2012. From 2001 to 2009, he served in various positions at the University of Southern California, including as a professor at the School of Policy, Planning and Development.”
When “diversity” becomes an important factor in the already soviet-style central planning of our money supply, its time to start buying gold and looking to get out of paper assets.
Re: “Regional bank directors select regional presidents...”
Who selects the regional bank directors?
I know nothing about the guy, but since he’s Black and gay, I assume his economic philosophy is “All Left, All The Time.”
He’s not a Trump appointee.
He was appointed by the Atlanta Fed directors.
diversity = Brown and Waters 2 total disasters
Each Federal Reserve Bank has a nine member Board of Directors. Six members are elected by member banks from the federal reserve district. Three are appointed by the Fed Board of Governors.
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