“First they ignore you, then they ridicule you, then they fight you, then you win.” – Mahatma Gandhi

Thursday, July 8, 2010

More Babes Required in Dodd-Frank Bill...

As one of your Barracuda Babes, I can't sneer at anyone wanting to hire more women. However, I can definitely sneer at making it mandatory. Read on:

Gender Quotas In the Financial Sector?
Diana Furchtgott-Roth, RealClearMarkets.com, July 8, 2010
What one finds when reading congressional legislation is invariably surprising. Take the Dodd-Frank financial regulation bill, for instance, which was created by merging Senate and House bills. When the Senate returns from recess one of its first actions will be to vote on the bill, which passed the House on June 30. 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. . .

NOTE: I rec'd the above from a daily update I get from Manhattan Institute for Policy Research. Hope you'll check them out, they send out great tidbits. Here's a link: Manhattan Institute for Policy Researc

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