Posted on 07/28/2010 5:02:19 AM PDT by TigerLikesRooster
New Controversy: Financial Reform Bill Contains Quotas For Minority Hiring On Wall Street
Joe Weisenthal | Jul. 28, 2010, 5:27 AM
This is always how it goes with big bills. Politicians and the media focus on a few big issues (prop trading, the Consumer Financial Protection Agency, etc.) while small, but controversial measures, get slipped in the back door, and then become the subject of fascination several days after the bill has passed.
It happened with healthcare, after people suddenly realized there was a provision to go after fast food.
And now with the Dodd-Frank Act, according to POLITICO, there's a measure, authored by Maxine Waters, that essentially mandates a certain amount of minority hiring at firms that do business with the government, which is everyone
(Excerpt) Read more at businessinsider.com ...
P!
The bill is unconstitutional since Article 1 Section 8 does not specifically list regulating finance as an enumerated power! The people are not bound to comply with an unconstitutional act! It is time for the people to defend the Constitution by openly defying all unconstitutional acts!
this actually creates 4 jobs
1 for the minority person hired, and 3 more
-1 to really do the job
-1 to run interference so clients dont get screwed and walk away from the business while also stroking the minority person’s ego
-1 to clean up after the incompetence
This is what Obama is all about - redistribution.
Your smart? LOL! We hired you because of your skin!
When I take any EoE survey I always put other.
Affirmative action = institutionalized racism.
There is nothing here to love. This is completely poisonous and must be reversed.
Was there not ever a law passed to end “quota” hiring?
Senator James Webb (D-VA) voted for this.
Finally, Martin Luther King Jr.’s dream has been realized - we are judging people by the color of their skin rather than the content of their character.
Instead of AA we should just go with a tax on being caucasian. White tax. /s
From a practical point of view, we could all claim to be African American or Native American and force the Feds to come up with a race test. That would be pleasant.
Why doesn’t Congress just pass a law that says that whitey must work his ass off and give all his income to “African-Americans” because that would be “fair”?
At least they’d be honest about their intentions with such a law.
The tax on tanning booths is arguably exactly that.
One more attack on us from the “Klan with a Tan”.
But cheer up, they did such a wonderful job once they gained control in cities like Detroit.
Race quotas are illegal, even if found in a law.
Webb is a sorry excuse for a U.S. Senator even during these times.
If real it is too good to be true!!!
Carrying a sign while shouting obscenities, you insult someone by using a provocative term to describe a person of another race.
Then you demand he give you something your not entitled to.
Sounds like Black Liberation Theology 101 to me.
It was just too obvious for me to pass up correcting it.
You missed a few:
1 at the company in charge of finding unqualified minorities
1 at the company to report on the hiring of its unqualified minorities
2,917 in the government to ensure compliance with the new rules.
Yes, this will help productivity.
The only thing that matters is that the Demon Rat party just became the white-free party. (Good luck getting re-elected, Rats).
Oh, I forgot the positions created for new employee(s) hired to run “diversity workplace” seminars, which all employees are required to attend, to learn about how the minority employee’s historic culture of slavery affects her workplace performance (arrive late leave early) and her interpersonal resentments (you talking DOWN to me sucka I’m gonna bus’ you), and how to not hurt her feelings by critiquing her job performance
The only thing that matters is that the Demon Rat party just became the white-free party. (Good luck getting re-elected, Rats).
Further proves that affirmative action is no longer needed if such a provision is placed in a bill? =.=
The government still must write the rules for the new diversity standards before deciding which contractors meet the bar and which fall short.I am particularly looking forward to the precise rules on how to count people according to their race. I suppose they can take up right where the Nazis left off:
Dodd-Frank Wall Street Reform and Consumer Protection Act (PDF Document))
There is also within this "financial reform" bill an energy related "Carbon Trade" Study commissioned to "study" existing and prospective carbon markets -this, in addition to the creation of the creation of the Office of Minority and Women Inclusion (small excerpt):
SEC. 342. OFFICE OF MINORITY AND WOMEN INCLUSION.(a) OFFICE OF MINORITY AND WOMEN INCLUSION.—(1) ESTABLISHMENT.—(A) IN GENERAL.—Except as provided in subparagraph (B), not later than 6 months after the date of enactment of this Act, each agency shall establish an Office of Minority and Women Inclusion that shall be responsible for all matters of the agency relating to diversity in management, employment, and business activities.(B) BUREAU.—The Bureau shall establish an Office of Minority and Women Inclusion not later than 6 months after the designated transfer date established under section 1062.
"Carbon Trade" Study (small excerpt):
SEC. 750. STUDY ON OVERSIGHT OF CARBON MARKETS.(a) INTERAGENCY WORKING GROUP.—There is established to carry out this section an interagency working group (referred to in this section as the ‘‘interagency group’’) composed of the following members or designees:(1) The Chairman of the Commodity Futures Trading Commission (referred to in this section as the ‘‘Commission’’),who shall serve as Chairman of the interagency group.(b) ADMINISTRATIVE SUPPORT.—The Commission shall provide the interagency group such administrative support services as are necessary to enable the interagency group to carry out the functions of the interagency group under this section.(2) The Secretary of Agriculture.
(3) The Secretary of the Treasury.
(4) The Chairman of the Securities and Exchange Commission.
(5) The Administrator of the Environmental Protection Agency.
(6) The Chairman of the Federal Energy Regulatory Commission.
(7) The Commissioner of the Federal Trade Commission.
(8) The Administrator of the Energy Information Administration
(c) CONSULTATION.—In carrying out this section, the interagency group shall consult with representatives of exchanges, clearinghouses, self-regulatory bodies, major carbon market participants, consumers, and the general public, as the interagency group determines to be appropriate.
(d) STUDY.—The interagency group shall conduct a study on the oversight of existing and prospective carbon markets to ensure an efficient, secure, and transparent carbon market, including oversight of spot markets and derivative markets.
(e) REPORT.—Not later than 180 days after the date of enactment of this Act, the interagency group shall submit to Congress a report on the results of the study conducted under subsection (b), including recommendations for the oversight of existing and prospective carbon markets to ensure an efficient, secure, and transparent carbon market, including oversight of spot markets and derivative markets.
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