“Congress gives the federal government authority to terminate contracts with any financial firm that fails to ensure the “fair inclusion” of women and minorities, forcing every kind of company from a Wall Street giant to a mom-and-pop law office to account for the composition of its work force.”
I do recall it was these same policies that created the mess that Fannie and Freddie visited on the housing market. Shoosh, when is the post racial administration going to act in the interests of all Americans? Shirley Sherrod wants to know!!!!
Notice it was Maxine Waters who got this language put in........Here is a little history on ol Maxine and the banking industry, a flash from the past............She is the female, left coast version of Charlie Rangel. Black, uses her Congressional Seat to line her families pockets, and uses the race card to protect her from scrutiny
Maxine Waters under scrutiny for bank ties
The Los Angeles congresswoman’s husband had ties to OneUnited Bank, which received bailout funds. She helped set up a meeting last fall with the bank and Treasury officials.
March 13, 2009|Richard Simon and E. Scott Reckard
WASHINGTON AND LOS ANGELES — Rep. Maxine Waters, one of Los Angeles’ most enduring liberal politicians, has come under scrutiny because of bailout funds that went to a bank in which her husband had owned stock and served on the board.
Waters was a senior member of the congressional committee dealing with the financial crisis when OneUnited Bank — one of the nation’s largest minority-owned institutions — received $12 million in bailout funds.
Her husband, Sidney Williams, served on the bank board until early last year and held at least $500,000 in investments in the bank in 2007, the most recent year for which public financial disclosure statements are available