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Winding down Fannie and Freddie could put minority careers at risk
Washington Post ^ | Feb 21, 2011 | Danielle Douglas

Posted on 02/20/2011 2:51:18 PM PST by Innovative

Dialing back government support for District-based Fannie Mae and McLean-based Freddie Mac could have far-reaching implications for minority financial professionals in the Washington region.

Not only are the mortgage finance giants two of the largest employers in the area, with a total of 10,000 workers, but many of those positions are held by people of color. Were the government-sponsored entities (GSE) eliminated, as the Obama administration is proposing, that may leave thousands of these professionals looking for a place to land.

At the close of last year, nearly 50 percent of Fannie's employees and 44 percent of those at Freddie were minorities.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Extended News; Government; Politics/Elections
KEYWORDS: economy; government; jobs; minorities; racism; unemployment
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To: Innovative

Well, then, by all means let’s keep the things open to screw more things up.


61 posted on 02/20/2011 5:40:04 PM PST by ataDude (Its like 1933, mixed with the Carter 70s, plus the books 1984 and Animal Farm, all at the same time.)
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To: redpoll

“....When are we ever going to get over the skin color fetish?”

Soon friend, very soon.

The Negros have signed their death warrant by the likes of Zero and Sharpton and Jackson and Kouric and Fonda and Madcow and .... so many “feminazi-faggot allies” in the LSM.


62 posted on 02/20/2011 8:18:30 PM PST by SonsOfCollins_Wallace ("... if yah ken behr eit" OR "where yah goin William ?.... ")
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To: Recovering Ex-hippie
What i worry about most is, the potential for the loss of regular and sustained cash infusions into the re election campaigns of many of our certain and would be candidates for elective office.....i will tell you this....it's a

DOUBLE EDGED SWORD
63 posted on 02/20/2011 11:50:06 PM PST by flat
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