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financial reform?

hypocritexposer

Well-known member
Section 342 of the Dodd-Frank bill mandates that each federal financial regulatory agency create "an Office of Minority and Women Inclusion that will, among other things, address employment and contracting diversity matters. The offices will coordinate technical assistance to minority-owned and women-owned businesses and seek diversity in the workforce of the regulators."

Diana Furchtgott-Roth sees the provision as a Trojan horse for race and gender quotas applicable to private financial firms:

Section 342 sets up at least 20 Offices of Minority and Women Inclusion. This has had no coverage by the news media and has large implications. ... ach office would have its own director and staff to develop policies promoting equal employment opportunities and racial, ethnic, and gender diversity of not just the agency's workforce, but also the workforces of its contractors and sub-contractors.

http://www.professorbainbridge.com/professorbainbridgecom/2010/07/does-doddfrank-mandate-affirmative-action-quotas.html
 

Steve

Well-known member
sounds great.. if they can't get a loan based on a sound business plan, the government should step in and help them get a loan by forcing the banks to write marginal loans until another "countrywide" can be revived... :shock: :?
 
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