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| Obama To Unleash Racial-Preferences Juggernaut |
| 2012-11-12 |
| If your organization has a policy or practice that doesn't benefit minorities equally, watch out: The Obama administration could sue you for racial discrimination under a dubious legal theory that many argue is unconstitutional. President Obama intends to close "persistent gaps" between whites and minorities in everything from credit scores and homeownership to test scores and graduation rates. His remedy — short of new affirmative-action legislation — is to sue financial companies, schools and employers based on "disparate impact" complaints — a stealthy way to achieve racial preferences, opposed 2 to 1 by Americans. Under this broad interpretation of civil-rights law, virtually any organization can be held liable for race bias if it maintains a policy that negatively impacts one racial group more than another — even if it has no racist motive and applies the policy evenly across all groups. Equal Outcomes This means that even race-neutral rules for mortgage underwriting and consumer credit scoring potentially can be deemed racist if prosecutors can produce statistics showing they tend to result in adverse outcomes for blacks or Latinos. Already, Attorney General Eric Holder has used the club of disparate-impact lawsuits to beat almost $500 million in loan set-asides and other claims out of the nation's largest banks. In addition to the financial settlements — which include millions in funding for affordable-housing activists — Bank of America, Wells Fargo and SunTrust have all agreed to adopt more minority-friendly lending policies. Though the administration seeks equal credit outcomes, regardless of risk, across the entire banking industry, it doesn't have to sue every bank to achieve its goal. As a prophylactic against similar prosecution, IBD has learned the American Bankers Association recently advised its 5,000 members to give rejected minority loan applicants a "second look," which it says "can result in suggested changes in underwriting standards." Also, the administration sent a chill through the financial industry earlier this year when it announced its new credit watchdog agency will join Justice, as well as HUD, in using the disparate-impact doctrine to enforce civil-rights laws. Consumer Financial Protection Bureau chief Richard Cordray warned companies the agency will "protect consumers from unfair lending practices — as well as those that have a disparate impact on communities of color." He added: "That doctrine is applicable for all of the credit markets we touch, including mortgages, student loans, credit cards and auto loans," as well as small-business loans. |
| Posted by:Au Auric |
| #24 Operation Falco? You're in his eye and you'll know why. |
| Posted by: swksvolFF 2012-11-12 23:20 |
| #23 Ah yes, the OWG Junkers-vs-Stalin Gruppe. IOW, iff these Orgs are not de facto Govt. managed and controlled, to still be an NGO it must have a panel/level of Govt-approved Perts, espec in Top Management, to review + approve any and all internal decisions and polices. ECONOMIC KOMMISSARIAT. [EARLY MTV "DER KOMMISSAR", "WHIP IT GOOD" VIDEOS here]. |
| Posted by: JosephMendiola 2012-11-12 23:01 |
| #22 http://youtu.be/m_mDTLphIVY |
| Posted by: Frank G 2012-11-12 22:34 |
| #21 Shaiger?: http://www.youtube.com/watch?feature=player_embedded&v=m_mDTLphIVY |
| Posted by: Frank G 2012-11-12 22:33 |
| #20 "Elections have consequences. Enjoy yours voters." Consequences for Republicsns of choosing a imbecile RINO who was totally incompetent in advocating a policy because he had none or they where identical to the incumbent... |
| Posted by: Shaiger Lumumba8434 2012-11-12 21:15 |
| #19 Say, wasn't a similar - albeit legal (meaning a law was passed by a majority of the House and Senate) - method employed by the Clinton administration, which lead to the housing meltdown? Ah yes, EH, brings back memories. Obummer had nothing to do with the housing meltdown, nothing at all, I tell ya. |
| Posted by: tipper 2012-11-12 21:09 |
| #18 Beso, that was me. My point was that 9mil less voted for bammer this time than in '08. While Romney '12, however, underperformed McCain '08 by almost 3mil votes. Seems to me demographics was less an issue than motivating the base. Demographics is and and will be an issue, no doubt, as our side will never be able to "out hand-out" the Staticrats. If hand-outs is the common denominator and not the message of fiscal conservatism - then we will always lose the moronic electorate vote to the staticrats. I think there is a lot of common ground between minorities of faith and Pubs. Pubs just need to reach out and smarten up their tactics. |
| Posted by: Broadhead6 2012-11-12 20:29 |
| #17 Say, wasn't a similar - albeit legal (meaning a law was passed by a majority of the House and Senate) - method employed by the Clinton administration, which lead to the housing meltdown? The Community Reinvestment Act implemented a mandate for banks to give out loans to specific groups and areas. Non compliant banks would be put on a regulatory black list. It is strange that Romney did not counter the left's narrative on the crash (vaguely defined 'greed') with one that was a bit closer to the truth. The political class bullied banks into giving out loans that were economically nonviable. The CRA was one of the instruments. In one of the debates Obama sarcastically asked Romney if he believes that regulation was a cause for the crisis. Romney should have answered 'yes.' |
| Posted by: Elmerert Hupens2660 2012-11-12 19:41 |
| #16 I hear Farmin B. Hard just picked up his visa... |
| Posted by: tu3031 2012-11-12 19:39 |
| #15 Start in basketball |
| Posted by: Frank G 2012-11-12 19:19 |
| #14 Enthusiastic or otherwise personality noticable white males are a reminder of oppressive colonial racism. Penalty. Jarod Allen for example, except his celebration -the cattle rope- is a redneck lynching motion, additional penalty. Now, white male homosexual/transgender or white female, now you are talking bonus, though not as significant as other races. Ru Paul for example would be around a bonus factor of 5. |
| Posted by: swksvolFF 2012-11-12 15:58 |
| #13 I haven't seen too many angry white guys in college football these days. Any handicaps or points for recruiting white guys? |
| Posted by: JohnQC 2012-11-12 13:54 |
| #12 Should probably try this out in football first. There are an underrepresentation of pahkistahn running backs, so if a team has a pahkistahni running back, each run will be increased by a factor of 1.5, except in losses then loss is reduced by said factor. Any interceptions made will be negated if said player touches the ball first. For any person who can link their heiritage to Cherokee is granted a factor of 2. A panal will be declared by the Secretary of Business to asses Factors of Fairness, beginning with College Football, which of course receives government monies and therefore a vested education direction is accordingly necessary. Voluntary complience of private universities is mandatory. |
| Posted by: swksvolFF 2012-11-12 12:18 |
| #11 About that first Supreme Court appointment -- prolly first one will be the one and only Eric Holder, sometimes know as Obama's best friend, and he would pass Senate confirmation. |
| Posted by: Sherry 2012-11-12 12:04 |
| #10 Civil War, Part II may come faster than I thought. |
| Posted by: JohnQC 2012-11-12 09:26 |
| #9 I see a lot of court actions in the future. However, there is a chance Zero will select new SCOTUS members during this term. A left-wing court is a scary thought. |
| Posted by: JohnQC 2012-11-12 09:24 |
| #8 Is the one drop rule in effect? |
| Posted by: Creresing Barnsmell5798 2012-11-12 08:52 |
| #7 I am certain comrades Mugabe and Shower Head Zuma are quite proud. The last vestiges of evil euro-colonialism will disappear as property and land ownership are redistributed to the appropriate recipients. I recommend we begin with the tax penalization of properties belonging to racially imballanced churches. It really is only fair. |
| Posted by: Besoeker 2012-11-12 07:47 |
| #6 America Home of politically correct apartheid. |
| Posted by: Bright Pebbles 2012-11-12 07:30 |
| #5 The Great Post-Racial President making racism ever more fundamental in the US? Say it ain't so! It's not who you are, how hard you work, your education, aptitude skills. Forget that: it's your skin colour that will determine your chances of success. Goodbye aspiration. Goodbye incentives to work for success. Hello sloth and incompetence, and ever more divisive ghettoisation and unadulterated racism. Did people in the states ever really believe Obama represented some kind of post-racism? It was always obvious the opposite was true, surely? |
| Posted by: Bulldog 2012-11-12 05:53 |
| #4 Say, wasn't a simliar - albiet legal (meaning a law was passed by a majority of the House and Senate) - method employed by the Clinton administration, which lead to the housing meltdown? |
| Posted by: Bobby 2012-11-12 05:36 |
| #3 I believe it was here on the blog yesterday, a writer opined that the election was not about... "demographics". |
| Posted by: Besoeker 2012-11-12 02:20 |
| #2 "The top 2 percent should pay a little more". |
| Posted by: Besoeker 2012-11-12 01:49 |
| #1 Elections have consequences. Enjoy yours voters. |
| Posted by: DarthVader 2012-11-12 01:20 |