Yet More Lunacy from the CFPB

Thomas Brown, Bank Stocks, May 21, 2014

There really is no end to the insanity that goes on at the Consumer Finance Protection Bureau. Now the agency says it will no longer perform personnel reviews, on the grounds that the results of earlier reviews appeared to show that it discriminates against minority employees. In particular, on a 1 to 5 scale, whites got higher scores than Hispanics, who got higher scores than blacks. To remedy this, the agency will now proceed (and pay everyone) on the basis that all of its employees are 5s. Everyone’s a winner! Only rather than a trophy, everyone gets cash money. Welcome to cloud-cuckoo land.

One wants to burst out laughing, but this is actually yet another sign of what a messed up bureaucracy the CFPB really is.

First, this is an important issue for banks for the simple reason that the CFPB intends to regulate them on the basis that “disparate impact” on minorities–the same disparate impact that showed up in its performance reviews–is prima facie evidence of discrimination in things like lending decisions. Which is ridiculous. No one believes the CFPB is a hotbed of deliberate racism, regardless of how its performance reviews turn out. Similarly, the agency shouldn’t rely on disparate impact as a sign lenders deliberately discriminate against minority borrowers. If it does, then banks, to stay on the safe side, will likely respond by making credit less available to all borrowers. Who does that help?

But more to the point, this is no way to run an organization. It’s an issue of simple equity.“By self-identifying and self-correcting these [performance review disparities],” CFPB head Richard Cordray told American Banker, “we are holding ourselves accountable to the same standards of fairness that we expect of our regulated entities.” {snip}

{snip}

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  • D.B. Cooper

    I say that is an excellent idea. What the White man is letting himself become are synonymous with sissy, cuckold, drone, stag, eunuch, gelding, steer, pansy, and several more.
    If you keep letting this happen, it will only get worse. First step is to get…rid…of…them!

    • Joe Blow

      You forgot Swedish.

  • Publius Pompilius Quitus

    Cultural Marxism: when reality doesn’t reinforce my opinions, I will pretend it isn’t there.

    • AndrewInterrupted

      Cultural Marxism: self-fulfilling prophecy that never fulfills.

      • NeanderthalDNA

        “whites got higher scores than Hispanics, who got higher scores than blacks”

        Isn’t there a book out there that explains this?

        • Ike Eichenberg

          The Communist Manifesto?

          • NeanderthalDNA

            Nope, not that one.

            Started with “Origin of the Species” and there’s some other guy who recently wrote some dastardly book recently…

            Just remember, Ike, in the event of random darkie street violence, always look for a bookstore to hide out. Libraries won’t work, they use those things for childcare these daze. You’ll just run into more of ’em in there getting online and hooking up.

        • A Freespeechzone

          Hmmm, could it be that Whites actually do the job, rather than whining and demanding to get credit—well, just because.

          Always have to invoke the race card because they can’t or won’t ‘cut it’ on the job.

          No wonder the USA is going down, down, down…

        • SentryattheGate

          Same as in schools; the large achievement gaps that won’t go away, no matter how much money is thrown at the problem! So they expect us all to sink to the lowest common denominator as if that would be “fair”!

    • Oil Can Harry

      Cultural Marxism for trannies: I don’t like my life so I’ll pretend to be another gender.

      And force society to pretend along with me.

    • David Ashton

      And silence dissent – no platform, no tolerance, no employment.

      Keep fighting on with your sensible views and knowledge. You are not alone, and should try to link up with like minds elsewhere in “academe”.

      • Publius Pompilius Quitus

        Thanks, David. I think some people at my university are instinctively nationalist, but they don’t know how to verbalize their views. For instance, I challenged a visiting lecturer during the Q&A session, after his lecture about Chicano Identity. I could feel the girl next to me squirming in her seat, and about a third of the class left the hall after my question. But a friend of mine thanked me once we were away from others. I have had two other experiences like that, where fellow pupils have thanked me afterwards.

        • David Ashton

          “Coming up afterwards” is a fairly familiar experience in blighted Blighty too. Other students are stunned by the courage of challengers but also the novelty for them of the content in the challenge. Maybe a cyber newsletter on tactical advice and data might be useful.

          Eventually even many PC bullies will tire of a role which consists solely of hostile labeling heretics – what Orwell called “duckspeak” in his “1984” Appendix – as “racists, sexists, transphobes, &c”.

          Reply: “And you’re a phobist”.
          “What’s that?”
          “Someone who prefers labels to logic, rage to reason, and fashion to facts.”

  • The whole irony is that the CPFB was created as part of Dodd-Frank, and Dodd-Frank was passed in reaction to the financial crisis, the financial crisis was the result of the housing bubble, and the housing bubble was a product of…

    …Affirmative action.

    Funny how things come full circle.

    • r j p

      And there would have been no housing bubble if a certain community organizer wasn’t pushing for banks to coerced into lending to the unworthy.

    • connorhus

      I thought the housing crisis was a product of the Community reinvestment act which was a product of Affirmative Action which was the mulatto off spring of the civil rights movement and Feminism.

      • I left out some steps between “housing bubble” and “affirmative action.” My bad.

        But affirmative action sure is a destructive way of life that nobody can talk about. It’s the hidden hand behind the VA scandals everyone is talking about right now but nobody can point out Nudus Imperatoris.

    • RisingReich

      Actually its not funny b/c round and round we go never ends.

      • SoulInvictus

        It ends when the spiraling flow goes down the sewer pipe.

    • ViktorNN

      Can’t agree. The Community Reinvestment Act only played a small part in the housing bubble that led to the most recent recession. Lax lending standards were pervasive across the entire market. Negligent loan-making to minorities was only a small percentage of all the bad loans made.

      • The desire to give home loans and mortgages to otherwise undeserving minorities was the straw that stirred the drink.

        • ViktorNN

          I would say that the Fed holding interest rates down for an exceedingly long time (they’re still doing it, in fact), plus the phenomenon known as “financialization” (where bad mortgages were packaged up and made tradeable with huge commissions going to the sellers) were the much bigger straws stirring the drink. The CRA straw was quite small in comparison, if it played any role at all.

          • Everything that you say I think are effects and fallout from the cause of AA in mortgage lending.

          • Guest

            The evidence just doesn’t show that.

  • Berkeley Guy

    Here in California, Whites are a minority. Here at UC Berkeley, Whites are a minority. Here on Earth, Whites are a minority. What kind of disparate impact do Whites face as being minorities?

    • Nonhumans

      The negative effects of Black-Skin privilege. Oh but wait that doesn’t exist.. Even though there are a bazillion agencies dedicated to expanding and enforcing it.
      .
      Nonhumans etc. do not understand cause and effect type phenomena. They’re having their heyday now, but the pendulum will swing back, and it will swing back hard.

  • Do what they do at the university of Texas at San Antonio: Fake the performance reviews. They’re subjective anyway. Pretend that you’re doing them by going through the motions, but make sure the blacks and browns come out equal to the whites. Believe me, that’s what a lot of government agencies in south Texas do. It shows how retarded the CFPB is that the affirmative action hires in charge of the place didn’t think of this solution to their problem.

    In a related note, I’ve never met a black or brown employee who could keep up with the whites I’ve worked with. I doubt my experience is unique. So, why would CFPB think the outcomes would be equal. Because King Obongo has decreed it!

    • AndrewInterrupted

      Bogus performance reviews are standard operating procedure at federal contractors. It barely raises an eyebrow. It reminds me of Joe Sobran’s ‘The Hive’. Management knows which performances to marginalize and which to fluff/fabricate, without any overt prompting/paper trails.

      httpCOLON//wwwDOTsobranDOTcom/hive/hive.shtml

  • Luca

    If truth, reality, logic and reason indicate that blacks and browns are inferior in any way, then these factors must be ignored. They impede the agenda and takeover.

    • Tom Thumb

      Like everything else this dumb govt. tries, this won’t work either.

  • dd121

    When is some ambitious young politician going to publicly reject these notions of extreme political correctness as just plain bad public policy? I think he may be surprised as the outpouring of support bursts out.

    • Ahnenerbe ᛟ

      When said politician wants to commit political suicide and lose it all. They only care for power and money, go with the flow. They are all fakes

    • connorhus

      As soon as a third party becomes viable. Right now if a Repub did that the establishment would crush him.

  • r j p

    I just started on this chapter (20) in “The Bell Curve” today.

    • bilderbuster

      That’s great unless you began reading it when it was published back in 1994 🙂

  • JSS

    But more to the point, this is no way to run an organization. It’s an issue of simple equity.“By self-identifying and self-correcting these [performance review disparities],” CFPB head Richard Cordray told American Banker, “we are holding ourselves accountable to the same standards of fairness that we expect of our regulated entities.” {snip}

    Well good for Mr Cordray, he’s holding his fellow Whites “accountable”. Whites being held “accountable” seems to be the the new White mans burden. For a White to just do his job violates “fairness” so they will be held accountable for that. If he doesn’t do his job as well as the diversity hires job he will be held accountable and fired. Being White and the maintainer of civilization is the most thankless task of all time.

  • Frank_DeScushin

    So we have to stop all personnel reviews in professions where some races get higher marks than other races? Well, I guess there will be a lot of NBA and NFL scouts filing for unemployment. Wait, this rule doesn’t apply when in ares where blacks get higher marks?

  • JohnEngelman

    Consider an observation furtively voiced by many who interact with civil servants: that government is riddled with people who have been promoted to their level of incompetence because of pressure to have a staff with the correct sex and ethnicity in the correct proportions and positions. Are these just anecdotes? Or should we be worrying about the effects of affirmative action on the quality of government services? (77) It would be helpful to know the answers, but we will not so long as the taboo against talking about group difference prevails.

    – Charles Murray, from “The Inequality Taboo”

    • IstvanIN

      One reason for government inefficiency is having more than the number of employees required to complete a specific task because of the incompetent or lazy ones.

    • Martel

      Did you get the gist of this article?
      Ethnic conflict is the natural state of affairs in multi ethnic societies, because racial inequality is the natural state of affairs in multi ethnic societies.

      • JohnEngelman

        Well, it seems to me that if there are two racial groups that can live side by side in harmony, it appears to be whites and Asians.

        – Jared Taylor

        • Bobbala

          Of course, it has yet to be attempted.

        • Einsatzgrenadier

          White Americans had to live side by side with “Orientals” before 1965 and this resulted in anti-Chinese massacres, anti-Chinese race riots all across the USA, anti-miscegenation laws against Chinese and other “Orientals,” forcible expulsions of the Chinese and the Chinese Exclusion Act. Only someone ignorant of history (and genetics) would say something like that.

          • JohnEngelman

            You are gloating about horrible acts by horrible whites who resented Orientals because they worked hard and performed better than those whites.

          • Einsatzgrenadier

            I’m not gloating over anything. I’m simply pointing out the harsh racial realities for those who refuse to acknowledge them. The Orientals were being imported as cheap labor to undercut the wages of white workers. This is hardly performing “better” than whites. In fact, their performance was much worse. The Chinese were alien parasites who endangered the families and livelihoods of white workers. They had to be disposed of.

          • JohnEngelman

            The Chinese were not “parasites.” They worked hard and paid their way. They were endangered by whites who could not compete with them.

            This is what Jared Taylor wrote about Orientals in “Paved With Good Intentions.”

            ———

            Chinese, Japanese, Koreans, and even black West Indi-
            ans have overcome America’s storied racism and are often more
            successful than native-born whites…

            Throughout this period of constant prejudice and persecution,
            Chinese worked hard, saved their money, and built better lives for
            themselves. By the time they had full, legal standing in this coun-
            try, many Chinese had incomes comparable to those of native-
            born whites. By 1969, Chinese as a group outearned Italian, Ger-
            man, and even Anglo-Saxon Americans. 376

            During the 1960s, Chinatown was the part of San Francisco with
            the most unemployment and poverty, the highest rate of tubercu-
            losis, the least education, and the most substandard housing. Nevertheless, in 1965, only five people of Chinese ancestry went to jail in the whole state of California. 377

          • Einsatzgrenadier

            The Chinese were (and are) parasites because they invaded a country to which they had no right and participated in a system they did not build or contribute to, thereby stealing jobs from white men. These jobs belonged to white men only because white men were the ones who built the American system of free enterprise and therefore earned the right to participate in that system. The Chinese destroyed many white lives in return for their “cheap” labor. They were parasites in the fullest sense of the word.

            If the Chinese are just as capable as whites, let them build their own system of free enterprise and compete with whites in the international market, in their own country. The Chinese do not do this because they are not as capable as whites.

          • JohnEngelman

            I could turn your reasoning around, and say that if whites are as capable as Orientals they should go back to Europe.

            Chinese Americans have as much right to be in the United States as European Americans. Chinese Americans usually behave and perform better. They build this country with their hard work and their high IQ’s. That is why they usually earn more money than whites in the United States.

          • Einsatzgrenadier

            Your line of reasoning is flawed because it conveniently ignores the fact that it was whites – and only whites – who conquered North America and built the American system of free enterprise from scratch. The Chinese had nothing to do with the transformation of the vast American wilderness into a first world economic superpower and therefore have no right to be in this country. This means that America is a white man’s country for white men only. The Chinese are parasites. You also conveniently ignore the fact that unlike Orientals, white people don’t need to send their best and brightest to Beijing or Shanghai in order for them to thrive. We are quite capable of building our own societies which can meet the needs of all whites, regardless of their natural abilities and talents. The Chinese cannot provide their best and brightest with an environment where they can thrive and reach their full potential because the Chinese are not as intelligent or as capable as whites.

          • JohnEngelman

            Talented, hard working Orientals who immigrate to the United States are not parasites. They are competitors. That is an important distinction.

            By every criterion imaginable Chinese Americans out perform white Gentiles in the United States intellectually.

            Nothing in the Constitution says that “America is a white man’s country for white men only.”

            This is what the Fourteenth Amendment has to say about who belongs here: “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.”

          • bilderbuster

            The immigration Act of 1790 couldn’t have spelled out the original intent of America’s Founders any clearer.
            Only White persons of good character need apply.
            The Blacks whether born here or not weren’t to be citizens and your other two favorite ethnic groups weren’t wanted either.

          • JohnEngelman

            The Fourteenth Amendment has precedence over the Immigration Act of 1790.

            There is nothing in the Fourteenth Amendment about “white persons.” The Fourteenth Amendment was written specifically to give full citizenship rights to Negroes.

          • bilderbuster

            Unfortunately that’s true no matter how wrong and against the principles of the Founders original intent it is.
            If the Founding Fathers knew the Yankees would be so stupid as to pass the 14th Amendment they might have worked things out with King George knowing that as much as they disliked his rule he would never pull something as foolish as that.

          • JohnEngelman

            George Washington’s Letter to the
            Jews of Newport, Rhode Island
            (1790)

            The Citizens of the United States of America have a right to applaud themselves for giving to Mankind examples of an enlarged and liberal policy: a policy worthy of imitation. All possess alike liberty of conscience and immunities of citizenship. It is now no more that toleration is spoken of, as if it was by the indulgence of one class of people that another enjoyed the exercise of their inherent natural rights. For happily the Government of the United States, which gives to bigotry no sanction, to persecution no assistance, requires only that they who live under its protection, should demean themselves as good citizens…

            May the Children of the Stock of Abraham, who dwell in this land, continue to merit and enjoy the good will of the other Inhabitants; while every one shall sit under his own vine and fig tree, and there shall be none to make him afraid.

        • bilderbuster

          As for myself I’m not just going to take his word on that.
          There’s no reason Whites can’t live in their nations and Asians can live in their’s.
          History is filled with failed attempts at assimilation between different races and I see no point in anymore “Big Ideas”.

          • JohnEngelman

            The United States is a nation that belongs to those who come here legally and become citizens. Orientals tend to perform and behave better than white Gentiles.

  • MekongDelta69

    The new Soviet Union America…

    • Bobbala

      The Russians better put that wall back up to keep people out … like the US should have.

  • Usually Much Calmer

    Stuff like this gives me pause as to whether we can ride this thing out, hold on till the tide turns, etc.

    • FransSusan

      I agree. I don’t believe we can. Political correctness and affirmative action are so entrenched in everything and anything that there’s no turning back to a merit-based society.

  • Medizin

    “ratings for white employees are more concentrated around the 4 and 5 ratings levels than black and Hispanic employees, and ratings for black and Hispanic employees are concentrated in the 3 rating level.”

    There’s that ‘White Privilege’ again. Darn!

    This dampens incentive. Why bother to do well if slackers receive the same rewards.

    • paul marchand

      maybe whites did it the ” old fashioned way”….f’ing earned it

      • Medizin

        They did…the reason why they received higher scores. Compare this to the Olympic committee giving the Gold Medal to all participants, winners and losers. Why train their butts off if everyone wins. It’s so absurd, it’s laughable. Looking stupid doesn’t seem to affect liberal policy makers.

  • MBlanc46

    “[T]his is no way to run an organization.”

    It certainly isn’t. But it’s the way we do things in PC America. Which is why we’re devolving into a poverty stricken, crime ridden hellhole.

  • Tom_in_Miami

    I guess that means that anyone can do as he pleases at work.

    • bilderbuster

      Everyone except the Privileged White guy.
      If everyone’s getting the same rating as everyone else they’re going to be keeping their eyes on him because he’s no better than anyone else now.

      Any value he had to the organization because of his higher rating is gone.
      Any mistake will be duly noted and if they ever need to let anyone go then he’s now worth no more than the least effective minority on board.
      He can also kiss his chances for promotion based on merit goodbye.
      See how it works?
      Hasta la vista White Privilege Guy!

  • Greg Thomas

    Is this satire?

  • cherrie greenbaum123

    Clearly what needs to be done is all white people need to be fired. No whites should apply. Then everyone can be less than mediocre/borderline failure. Problem solved.

  • Truth Teller

    Everyone should be held to the same standards regardless of race. Those who don’t meet the standards should be dismissed.

  • fgbrunner3

    The Democratic Party is the enemy of truth. The Democratic Party is the greatest threat to the nation.

    • paul marchand

      composition of Democrats Party:
      * minorities that want 2 sets of rules, big government, and handouts
      * traitorous whites

    • Sloppo

      The D party is there to mislead lazy idiots, a relatively easy task. The R party has a slightly more difficult assignment because its purpose is to mislead more intelligent/productive/conservative people. Of course both parties are owned and controlled by the same small group of people.

    • SFLBIB

      The Democratic Party is the enemy of truth because, being Leftists, they are ideology driven. Ask a Rightist where his sox are, and he’ll turn to reality and say, “In my dresser drawer,” or “On my feet.” Ask a Leftist the same question, and his reply will be, “Wherever the Party says they are!!!” Thus we get political correctness, the rejection of truth that conflicts with ideology. The Emperor’s New Clothes is the perfect allegory for political correctness.

  • dcc2379

    Unions destroyed the already poor quality of public workers. Pay and benefits are higher, and expectations are much lower. Firefighters in California make 350k per year, and teachers in the Chicago area make 200k. Blacks have difficulty showing up on time, following directions, and staying on task, all qualities the private sector abhor. Yet, if a black college graduate of a professional or STEM area applies for a job, companies jump to get their ticket to diversity. Deep down these tokens know they couldn’t do the college work, can’t pass the certification test without extensive test preparation (ask Michelle Obama about passing the bar; in a related area, black college grads overwhelming, often at 100%, could not pass the Illinois Test of Basic Skills to become a teacher, a test that was geared yo the high school level), and figure why put in any more effort. They better then get promoted or the law will find a hate crime or an equal employment opportunity claim.

  • Bill E. BOBB

    it seems that we are going to just out right excuse blaks for being blak, that the color of your skin exempts you from meeting basic standards.

  • 4321realist

    “Federal agency stops reviewing employees because whites got better ratings.”

    This culture is so hung up on race and racial matters, because of just 13% of the population, it has become very close to dysfunctional.

    And it is very close to implosion for the very same reason.

    And the reason for it is because, if extreme measures aren’t taken, blacks will riot, murder, and jeopardize the wealth, power and standing of the elites.

    The groveling and attitudes toward blacks in this country shows us all what power there is in threatening to do violence and the willingness to carry it out.

    Peace-loving, law-abiding whites are to be used and abused as fools who are disrespected because of their reluctance to take to the streets.

  • Sloppo

    Most of the Jews I know would make pretty good neighbors. The difficulty is trying to live with the people politically active Jews work hard to import and “empower”.

  • Pro_Whitey

    Dang, I’ve been giving copies of my performance reviews as part of my search for a new job. I’m a racist!!

  • LIBERTYSINCURSION

    There seems to be a disparate impact on White midgets who try out for the NBA. Somehow, tall black men keep out performing these White midgets at try outs. Knowing that this has nothing to do with ability or effort. The only explanation is that there’s some kind of unintentional but no less real conspiracy to deny White midgets NBA contracts. Damn it, White midgets are people too, and they can be basketball super stars just like any tall black man can. All they need is to be given the opportunity to shine and they’ll be packing the stadiums every single night, across the entire country. Viva La-Midgeita!

    How did we get here? This is pure insanity which can only lead to down right destruction. SEPARATE!!! – This country has lost it’s way long ago, and now it is officially loosing it’s mind. SEPARATE!!!! I see that it must happen, and I say the sooner the better!

    • SFLBIB

      “How did we get here?”

      With the introduction of politically correct victimhood as a vocation, whole new horizons were opened up.

      Ordinary complaining became an academic endeavor. Among the early candidates for the trash bin was truth itself. Millennia of Western thought was dismissed outright as bigotry by white males, particularly dead ones. As a result [which continues to expand], modern liberals believe that non-discrimination is a moral imperative. When we fail to discriminate between good and evil, right and wrong, and the behaviors that lead to success and those that lead to failure, we do not end up being objective, neutral, tolerant, or even indifferent; we end up hating what is good, right, and successful. We have seen this pattern over an over. The idea that one man’s terrorist is another’s freedom fighter has led to more terrorism; the belief that America is no better than any other country has led to hatred of America.

      The only way to be moral is not to discriminate between right and wrong, good and evil, better and worse, truth and lies, because an act of discrimination might be a reflection of personal bigotry. Non-discrimination, to a liberal therefore, is a moral imperative because its opposite is the evil of having discriminated. This leads the modern liberal to side invariably with evil over good, wrong over right, and the behaviors that lead to failures over those that lead to success. Why? Because if nothing is to be recognized as better or worse than anything else, then success is unjust. There is no explanation for success if nothing is better than anything else; and the greater the success, the greater the injustice. Likewise, failure is proof of victimization, and the greater the failure, the greater the victimization.

      God likes to create, and man, being made in His image and likeness, also naturally likes to create. But this requires some to rise above. As a result, to prevent some from excelling, the liberal must, invariably and inevitably, become an apologist for tyranny. He must also become an antagonist to liberty. Eventually, modern liberals must become antagonists to everything [including God] that is good, right, and successful, which they clearly have. From The Closing of the American Mind

  • MooTieFighter

    LOL. Facts are such a burden for blacks, so lets get rid of facts.

  • Chasmania

    What would you call the Ebonic version of critical thinking ?
    Thinkbonics, maybe ?

    • Alexandra1973

      I don’t think it’s even in their vocabulary. Or perhaps if they hear “critical” they’d think they’re being criticized–disrespected.

      • DiversityIsDeath

        That reminds me of something. Back in the 1980’s when HIV was new on the scene, and blacks were being infected left and right, they would go get blood tested, and be delighted when told by the medical technician that they tested “positive”. The ignorant blacks actually thought that testing positive meant the HIV test results were good news, positive news, that they were all clear. Conversely, dumb blacks thought if their test results were “negative” it meant bad news, that they had the HIV. Insane, right?

    • FransSusan

      Ebonics and critical thinking is an oxymoron. If someone speaks ebonics critical thinking isn’t possible.

      • Chasmania

        True I suppose. What one might look at what appears to be cognitive skills, but are merely feral instinct and low cunning.

    • model1911

      Perfect. I will send you royalties when I use that.

  • IA_Adam

    “White people are bad because they judge people by the color of their skin. That’s why all white people are bad.” – Typicaly Diseased-Minded Progtard Buffoon

  • Look_A_Squirrel

    More proof that stereotypes exist because the are reliable.

  • Raymond Kidwell

    I’m not sure how true this article is, but racial disparity in hiring is allowed if that disparity can be directly linked to an inability to do the job properly. In other words, if you have a hiring test or performance review that is directly relevant to necessary abilities in regards to the job you do, and this creates racial disparities- this is legal. If you give someone an I.Q. test (even though this is really grey ground) or some test that really doesn’t directly relate to the work being done and this causes racial disparity then its illegal.

    In other words there are grounds to file a lawsuit against this agency for racial discrimination. If they go after a bank because of racially inequality again this is not legal. Disparate impact only applies if it is an unnecessary disparate impact. If you can prove that you are applying the same standards to different borrowers and that these standards relate to their credit worthiness then its legal.

    I think some of these articles are just designed to provoke right wingers into getting upset without a lot of basis in fact. If they are true then there are legal remedies against this type of thing and it might be more productive to consult a lawyer than to just complain about it.

    • SFLBIB

      Economist Dr. Thomas Sowell addressed this in an article he wrote about the same time as the loan industry collapse. Lenders were forced to make loans to otherwise too-high risk borrowers, even though prior to the decree, the loan default rates for both minority and white borrowers was about the same. Their equal default rates being an indicator of equal and fair evaluation did not carry any weight with those who 1) saw the world in racial terms; 2) those who wanted to garner votes by grievance mongering; and, 3) both. Any lower loan approval rates for minority applicants just had to be racially motivated.

      And there are no legal remedies in a system that largely agrees with the mongers.

  • SFLBIB

    I was a first-level supervisor, and one of my jobs was to rate employees each year. Those who performed above average were given cash bonuses. Then one year, upper management got to smoking some consultant guru theorist’s idea that this fostered competition and resulted in resentment. So to counteract this, they decreed there would be only $1 difference [there had to be a difference] between above average and outstanding. Surprise, surprise. Productivity went down because no one wanted to work extra for only $1 a year.

    • I’ll even bet the dorks in management pretended to be suprised at this. Management at an R&D company I once worked for decided at one point that it wasn’t going to pay employees patent bonuses anymore. The result was that the better engineers there either all left (one went off to Motorola after quitting without notice) or slacked off.

      • SFLBIB

        I don’t know if they were surprised, but they never did it again.

  • In order to comply with the theoretically race neutral CRA and its not so race neutral later amendments and revisions, financial institutions did have to engage in AA in lending.

  • bilderbuster

    That’s the Taco Bell Curve.

  • DiversityIsDeath

    Isn’t it that way it is at every work place? It doesn’t really matter what the managers have to put down on paper to appease the PC gods. Everyone at the site knows which co-workers are the most productive and reliable and which employees are problematic. The truth comes out.

  • I was under the impression that employee reviews were intended to help businesses and government agencies identify problem areas that need fixed. My bad. Never mind.