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Racial, gender quotas in the financial bill?

By Alliance Alert

Diana Furchtgott-Roth writing at RealClearMarkets: "I was searching the bill for a provision about derivatives. What did I find but Section 342, which declares that race and gender employment ratios, if not quotas, must be observed by private financial institutions that do business with the government. In a major power grab, the new law inserts race and gender quotas into America's financial industry. In addition to this bill's well-publicized plans to establish over a dozen new financial regulatory offices, Section 342 sets up at least 20 Offices of Minority and Women Inclusion. This has had no coverage by the news media and has large implications."

Full post as published by Constitutionally Correct on July 08, 2010 (boomark / email).