Terrific: Bankrupt Freddie Mac hires “diversity officer”
Taxpayer-supported mortgage behemoth Freddie Mac — yes, the same government-sponsored entity that is sucking $64 billion of your money to stay afloat — is proud to announce that it is squandering more of your bucks on a “diversity officer:”
Freddie Mac, the government-controlled mortgage buyer, on Monday named Subha V. Barry to head its newly formed office of diversity and inclusion.
As chief diversity officer, Barry will work with the company’s business units to ensure they’re maximizing opportunities in diverse markets. She will also ensure the company is utilizing diverse talent among its employee and suppliers, and developing strategies focused on the needs of a diverse work force.
Barry will also design the new executive diversity council.
You can thank diversity-mongering Maxine Waters for stuffing the race preference mandates into the financial “reform” law.
Expect more cronyism of color on the public dime.
So much for MLK’s dream, eh?
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Comments
You must be logged in to post a comment.
 |
Who’s funding Brett Kimberlin?
May 25, 2012 01:52 PM by Michelle Malkin
18 CommentsObama’s Land of the LOST
May 25, 2012 01:42 PM by Michelle Malkin
27 CommentsObama’s latest campaign angle: I’ve been saving America from wild Republican debts
May 24, 2012 04:33 PM by Doug Powers
48 Comments
Senate finally passes a budget approves bill striking word ‘lunatic’ from federal law
May 24, 2012 11:22 AM by Doug Powers
193 CommentsStammertime: Jay Carney asked if Chicago protests have soured Obama’s support for OWS
May 23, 2012 07:44 PM by Doug Powers
54 Comments
S.E. Cupp, Hustler, and the four stages of conservative female abuse
May 23, 2012 02:13 PM by Michelle Malkin
142 CommentsPig Maher’s boy Bill Burton mocks my support of Hatch challenger Dan Liljenquist
May 23, 2012 11:37 AM by Michelle Malkin
32 CommentsFree speech blogburst: Show solidarity for targeted conservative bloggers; Update: It’s Everybody Blog About Brett Kimberlin Day; Donation fund for targets
May 23, 2012 05:59 AM by Michelle Malkin
109 Comments
Jaczko the Jerk: Harry Reid’s sexist crony gets the boot
May 23, 2012 05:15 AM by Michelle Malkin
31 Comments
Categories: Politics,Race Hustlers,Subprime crisis
Babalu Blog
» U.S. Manned Space Flight in The 21st CenturyVillainous Company
» Must Read Post of the Day. Possibly, the YearRedstate
» Civility Fails For A ReasonSister Toldjah
» Barack Obama: Can we call him a Socialist now?
Breathtaking.
No doubt the new hire is to be drawn from the ranks of the unemployed, this bringing down the unemployment rate by, oh, 0.00000005 percentage points or so?
What, it’s going to be a Harvard professor? Well, they may be technically unemployed, as the work they do is negligible, but they aren’t unpaid.
this=thus
So, if they are focusing again on “diverse” markets (as opposed to markets that are most likely to be able to pay a mortgage), won’t that be an example of doing the same thing and expecting a different result?
Funny, but the NBA, and the NFL dont need diversity officers, and those leagues have a majority of minorities playing. When merit and talent are the benchmarks by which success is measured, and talent is hired, it just happens that way. I also dont see Asian or Hindu (Indian) leaders crying about the lack of diversity in the business world. Curious.
No, they expect the same results; Freddie will fail, again, and they will demand and get billions more in tax dollars to stay “solvent.”
I’d like to pour solvent on Fannie and Freddie…
Well, I think they need diversity officers to ensure that the number of players match the percentages of the population.
70% white
15% latino
12% black
03% other
I guess liberal/socialist diversity only means diverse if it excludes whites. Got it.
Does that mean they are going to lend to people that can pay their mortgage now?
Why would a ‘diversity’ gov program need a diversity officer? By definition, isn’t everyone that works there one?
doesn’t every workplace have a diversity officer?
I wonder why a FAILING company needed to HIRE anyone?
Certainly, they already have enough people working there to either shift to or cover for this new department.
This is CLASSIC GOVERNMENT WASTE that highlights one of the reasons that GOVERNMENT is FAR MORE INNEFICIENT than private companies in the use of it’s resources.
Of course, from Fannie’s point of view, they are just going to stick the tax payer with the bill, so they do not care what the rate of pay will be, or even the overall costs of maintaining this department. And IF congress asks them WHY they decided to WASTE this money, they will simply blame congress as they DEMAND additional BILLIONS!
and have a job
Chief diversity officer has to be the stupidest title I’ve ever heard of.
Yes, the racial cronyism has begun. I work for an institution that gets federal money (who doesn’t?) and we just received notice from our diversity officer that we have to take a survey and answer questions about our race because the feds have new rules on that. Golly, wonder why they are doing this? Are we going to have to step aside and let others take over, as the FCC chair says?
I declined. We’ll see how long I work there.
They used to lend to people that could pay their mortgage. They will now continue to do more of the same.
Oh, wait! You mean those people in the past, lied? Well, I’m sure the taxpayers will back them up on this.
By the way, the literal translation of mortgage is death pledge. In case you didn’t know.
Funny how “diversity officers” are always minorities. Only a LIB couldn’t see the irony. Let the so called aggrieved mete out the “diversity” rules.
Sounds really smart to me.
At my place of work, we get regular seminars by various diversity consultant firms to make sure that we are in sync with government directives. They couldn’t call these regulations or laws, because they would be illegal and unconstitutional. There is a whole industry dedicated to “diversity” and staffed by savy illiterates who used to be street hustlers.
There is simply no way that any business that adopts these “diversity models” and follows such consultantsc advice can continue to function as a business. Just a bunch of blood sucking parasites.
***
And the Community Reinvestment Act, Fannie, and Freddie are the vehicles that drove our economy over the cliff in 2008.
***
Yeah–let’s repeat the mistakes of the past–throw in some race / ethnic based discrimination, and hope for a better outcome!
***
Stupid, clueless clowns. REMEMBER IN NOVEMBER!
***
John Bibb
***
Spanky: “My parents say they’re gonna get a diverse. What’s a diverse?
Stymie: Oh dat’s easy, dat’s when one car comes this way and other car comes that way and blam! Dat’s diverse accident I ever seen!
“Diversity”, “tolerance”, “teachable moment”, “man-made disasters”, “undocumented worker”, “climate change”… All part of the big bullsh*t liberal lexicon.
Orwell would be proud.
Many of these companies are unreasonably adverse to litigation risk.
There are law firms that attack companies that don’t have good diversity numbers. If they’re granted broad discovery, then they scour through company emails looking for racial jokes or questionable comments regarding race. They then use such emails to claim that deliberate race discrimination was part of the company’s hiring practices.
No large company can be 100% confident that such emails don’t exist somewhere. So many think it’s safer to hire a diversity officer and do what they say.
corkie, the problem with this approach is that you inevitably wind up with a number of people in position of power who are not competent for that job. Then the whole rotten mess falls apart. Unless government keeps sending you cash to offset the waste. However there comes a time when the cash cow this government transfers the money from dries up.
wonder if Barry ever worked here?
http://www.blackexperts.com/diversity_experts_consultants_speakers.shtml
i wonder how much of our money they are paying to this puke.
The ONLY problem I have with eliminating Fannie and Freddie is that without them, no bank will offer fixed rate loans on mortgages, especially 20 or 30 year loans. Would you be willing to offer 4% loans today which will last for 30 years into the future? I couldn’t find a single bank to make me a fixed rate loan on my commercial buildings, because they hold these loans as every 3 years they readjust to prime +. Without those evil wall street banks and fannie and freddie, all of us will have adjustable rate mortgages the rest of our lives. JUST A THOUGHT.
Just another rat’s nest to be cleared out in January.
When an insurance company is in trouble they are banned from writing new business until they become untroubled. The same should happen to Fannie and Freddie.
I think not. You may not get 4% but you will get a fixed rate.
The mortage business got along fine without Fannie and Freddie.
What’s surprising to me about this news is that they didn’t already have a “Diversity Officer” there.
“Diversity” and “Inclusion” have always been lib code-speak for, “We need more black people” (if you’re thinking charitably) or, “Get in touch with your inner bigot, Whitey” (if you’re thinking more pragmatically).
Almost as surprising as the fact that they didn’t already have a “Diversity Officer” is that it took them this long under this administration to install one.
Diversity trumps actual skills necessary for performing the job well. Yeah, like that will save Fannie and Freddie. Dumb and dumber.
Amazing. They have hired someone to guarantee racial discrimination against white skin people.
The only way to “ensure” diversity is to deny employment and opportunity to people based solely on their race (white skin). To be more precise, “Diversity” means racism towards whites, which is unconstitutional, and constitutes a criminal act.
Boot the Tyrants OUT!
Code word alert!
Diversity officer = Liquidation facilitator
This is going to be an excelerated fleecing of America. This position is an essential position ONLY if those in charge want to perloin at a more rapid pace than they already have. Unbelievable!
Wonder if the CBC has a diversity officer?
It’s about time we had a post racial POTUS ./sac
Vinny, I know all the problems with this approach.
I’m explaining why so many companies take this approach.
Why does the ACORN Pimp video come to mind when I read this?
Not a capitalist among them. And then there is this entry:
What the @#$% does all that mean?!?
I guess snake-oil salesmen haven’t gone completely out of style…
For the same reason I can taste the bile welling up when I read about diversity consultants.