Conflict Minerals, New Diversity Agency Hidden Deep in Wall Street Reform Bill
- Details
- Created on Wednesday, 14 July 2010 19:13
The Dodd-Frank Financial Regulation bill has been proposed under the notion that it will tackle the root causes of the '08 financial and housing crisis, which was largely caused by subprime mortgages, derivatives, and Democrats. But after close review of the bill, two provisions are included to ensure a crisis like this doesn't happen again: auditing of "conflict minerals" from the Congo and a new diversity agency to regulate racial quotas at federal financial agencies. What does this have to do with financial regulation? Nothing. But it does allow for the undocumented President Obama to take another step towards race-based social justice which played a significant role in the economic meltdown of '08.