Posted under Affirmative Action & Obama & Race
This week indeed has been a bad week for European Americans. First, we hear how poor whites are the most discriminated against in college admissions. Second, we learn that the Obama Regime, during the auto bailouts, deliberately targeted white-owned dealerships for closure. Earlier today we find out that the Obama Regime, via the tyranny of federal courts, has sided with Mexico and mestizo invaders against American citizens trying to enforce laws. And finally today we discover a little-noticed provision in the Obama Regime’s financial regulatory bill that gives the federal government more power to compel financial firms to replace whites with minorities. Investor’s Business Daily reports:
Yes, the bill gives Treasury the power to liquidate banks that pose a threat to financial stability. But it essentially exempts minority-owned banks and those approved by Acorn-style urban organizers.
“The orderly liquidation plan shall take into account actions to avoid or mitigate potential adverse effects on low-income, minority or underserved communities affected by the failure of the covered financial company,” it says.
{snip}
Sen. Richard Shelby and other GOP conferees moved to strike the language, arguing that making an exception for minority neighborhoods defeats the whole purpose of reform, which is to protect all consumers against systemic risk.
But Sen. Chris Dodd, who’s running the conference committee with his fellow Democrat, Rep. Barney Frank, shot them down by suggesting that they wanted to deny minorities access to credit.
{snip}
Studies show that CRA home loans have much higher failure rates. {snip}
Another section of the bill requires the proposed Financial Stability Oversight Council (headed by the Treasury secretary) to consider a zombie institution’s “importance as a source of credit for low-income, minority or underserved communities” before winding it down. {snip}
{snip}
The bill mandates placement of a diversity czar in each federal financial agency—including the Fed and its 12 regional banks.
Establishing a so-called Office of Minority and Women Inclusion within each agency is the idea of Democratic Rep. Maxine Waters, a Congressional Black Caucus leader and conferee.
According to her amendment to the bill, “Each agency shall take affirmative steps to seek diversity in the workplace of the agency, at all levels of the agency,” including:
* Recruiting at “historically black colleges and Hispanic-serving institutions.”
* Recruiting in urban communities.
* Placing ads in African-American and Spanish newspapers.
* “Partnering with organizations that are focused on developing opportunities for minorities.”
{snip}
Each agency, in turn, is required to report to Congress detailed information describing the actions it took to diversify its staff and contract with minority-owned firms. Which means they’ll do what their diversity officers advise. No official—particularly no regional Fed bank president—wants to be dragged before Barney Frank’s panel and accused of racism.
Still, as insurance, the bill also calls for an audit of Fed “governance” to examine, among other things, “the extent to which the current system of appointing Federal Reserve bank directors effectively represents the public without discrimination on the basis of race, creed, color, sex or national origin.”
From a chain email:
The widsespread discrimination against European Americans should be unsurprising.
All other racial groups have powers lobbying on their behalf. Blacks have the NAACP, mestizos have La Raza, Asians have the 80-20 Initiative, Indians have USINPAC, etc. What do European Americans have?
When groups E, D, C & B lobby on behalf of their ethnic interests, and group A does nothing, group A is bound to be shafted. And all the while this is taking place, many whites pursue the “ostrich strategy”. They stick their heads in the sand and wish it were otherwise.
Believer on 31 Jul 2010 at 1:46 pm #
Here in California the whites were forced out of the Banking industry some time ago, You can go into any BofA in the state and not find enough Whites to field a ball team in a city the size of L.A. And Bank of America as well as other Banks really dont seem to care what our opinion of them is, I tell my kids that with California on the edge, and her sky high tax’s perhaps it’s time to make the migration back to where we came from in the 40′s.A sound bit of advice from an old fool is to get your kids out of public school and get out of debt.
roho on 02 Aug 2010 at 4:55 pm #
Invest in precious metals…………..Brass……Centerfire Brass.
Omar Thorton and White Genocide | Conservative Heritage Times on 06 Aug 2010 at 6:46 pm #
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To be poor and white in America in the Age of Obama | Conservative Heritage Times on 10 Aug 2010 at 9:04 pm #
[...] whites to non-whites to attempt to improve their chances of graduating? Does he plan to follow his plan for the financial sector (fire whites and replace them white minorities) via a new affirmative [...]
To be poor and white in the Age of Obama | National Policy Institute on 13 Aug 2010 at 6:02 am #
[...] whites to non-whites to improve non-whites’ chances of graduating? Does he plan to follow his plan for the financial sector (fire whites and replace them white minorities) via a new affirmative [...]