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 .