According to this news story today, “Federal Reserve Chairman Ben Bernanke said Friday that the central bank was taking steps to increase minority involvement in a key program it has been using to help stabilize financial markets after last year’s crisis.” But wasn’t a big cause of “last year’s crisis” the fact that governmental and quasi-governmental mortgage-loan agencies had been “taking steps to increase minority involvement” instead of making colorblind decisions based on who is best qualified?

About the Author
Roger Clegg serves on the board of the Center for Equal Opportunity, where he was formerly president and general counsel.
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