Martin Luther King , He’s Not … or … Equal Outcome not Equal Opportunity

Our Great ” Racial Healer ” Is Wasting No Time    

 

 

 

 

Obama To Unleash Racial-Preferences Juggernaut

   If this all sounds familiar that’s because it is … can you say ” Community Reinvestment Act ” boys and girls ? For those that don’t remember ,  this policy , created during the Carter administration ,  turbo-charged by Bill Clinton and championed by the “community organizer ” crowd of Obama and his ilk , forced banks to make loans to customers regardless of their credit-worthiness thus fueling the housing bubble that led us to our current fiscal meltdown .

   This is government at it’s ” best ” … create a problem , blame the private sector , demonize them and then step in with the ” Solution ” .

  ” 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. ”

 

 

We are forced to pay for sowing the seeds of our own destruction .

Related articles

• The New Racial Justice System (frontpagemag.com)
• Disadvantaged by Affirmative Action or “Disparate Impact” (aminext.com)
• An honest letter from a Liberal to me… #SOTR (stacyontheright.com)
• Black America, Barack Obama, and the racial backlash (thegrio.com)

” Puncturing the Myth of Bill Clinton ..

..  Under Democrats and Republicans, regulation grows. “

  ” So Clinton — not Bush — was the bank deregulator.

  Were those acts responsible for the financial debacle of 2008? No. Bear Stearns, Lehman, etc. were not affiliated with commercial banks.

  Banks got in trouble because they filled their portfolios with securities built on shaky mortgages. And here is where Clinton does bear responsibility.

His secretary of housing and urban development was Andrew Cuomo, now governor of New York and apparent presidential wannabe.

  Cuomo, as Wayne Barrett wrote in the VillageVoice in 2008, made a series of decisions that “helped plunge Fannie and Freddie into the
subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing
Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a
federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and
unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.” “