FBN: Flaherty Assails Racial Mandates in Financial Regulatory Overhaul

I was interviewed by David Asman on the Fox Business Network on Wednesday, July 21. The topic is the racial mandates contained in the Dodd-Frank financial services regulatory overhaul. Here’s a transcript:

David Asman: The financial regulation Bill is now law and while we know that the twenty three hundred page document is full of new bureaucracies and regulations you may not know there is actually language in this law that requires racial profiling. Peter Flaherty is President of National Legal and Policy Center an ethics watchdog based in Washington. He has done some digging into this Bill. Peter, you know, I couldn’t believe it when I first heard it – I mean this is an Administration that prides themselves on being anti-racial. They are against racial profiling that doesn’t exist, for example in the Arizona immigration law. Get this: lenders will – these new data collection system that …