To promote diversity in the largely white male world, the law requires each of the 30 federal financial agencies and departments, including the Securities and Exchange Commission and all 12 Federal Reserve banks, to establish an Office of Minority and Women Inclusion.Why is this worrying? Because America leads the world and the rest is sure to follow.
Those offices will have vaguely defined powers to boost diversity at their agencies and the companies they regulate and to increase federal contracting opportunities for minority- and women-owned businesses. Banks and other financial firms that fail to make "a good-faith effort to include minorities and women in their workforce" could lose their government contracts.
"This is a wake-up call for Wall Street: women, black Americans, Asian Americans, Latino Americans, they all pay for your bailouts," said Michael Yaki, a member of the U.S. Commission on Civil Rights. "Firms must take steps to be more reflective of America."
I have been there and know what this means. In the nineteen thirties, the Hungarian people became unhappy that most of the business was owned by its 5% Jewish minority, so a Law was enacted that "Jewish" business had to have a non-Jewish majority partner. The consequence was a rush to transfer ownership to loyal Christian employees and friends, which frequently ended in expropiation (as intended). The problem was temporary, as Jews soon were forbidden to own anything in Hungary.
Similar legislation exists today in multiracial countries like Malaysia and Indonesia, aimed against the Chinese minority, and many African countries (South Africa, Zimbabwe, etc.) against Indians and Europeans. The fact that America is moving toward that direction reflects the existence of deep racial conflict and the way the government intends to "solve" it.
The Diversity Mandate has arrived to the banking sector, which is heavily Jewish. Next, the media will be regulated against racial bias and duely diversified. American Jews should take notice. The The Diversity Principle has mutated into a Proportionality Principle. For a 1.5% wealthy minority this is very bad news.