Quotas Hidden in Bank Reform Bill Will Cost Taxpayers Millions

More anti-white male discrimination is the law.

Buried deep in the bowels of the massive financial-regulation bill the Senate passed Thursday are massive race- and gender-employment provisions that will cost countless millions to enforce and appear to duplicate other civil-rights initiatives already in place.

More importantly, all private financial institutions doing business with the federal government will be affected by them, sources tell Newsmax.

Opponents say the provision was put in the bill to help garner political support for its passage. They object that it was inserted with almost no discussion or debate, and call it a “power grab.”

Diana Furchtgott-Roth, a senior fellow at the Hudson Institute who served as chief of staff for former President George W. Bush’s Council of Economic Advisers, tells Newsmax that the rules represent a “dramatic change in employment legislation.”[snip]

Section 342 of the bill calls for an “Office of Minority and Women Inclusion” to be established in each of 29 federal bureaus and offices.

More

2010-07-17