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TJMS: Roland Martin Talks With Congresswoman Maxine Waters About Wall Street Reform Bill, Provisions To Help Women, Minorities

07/08/2010 11:24 am 2 comments

Roland Martin talks with Congresswoman Maxine Waters about the Wall Street Reform bill, which contains provisions to help small businesses and African-Americans. One of the things that Congresswoman Waters fought for was the Office of Minority and Women Inclusion.

Despite the amount of federal stimulus funds available, women and minority owned firms where largely over looked for contracting opportunities. To combat this, Waters created the Office of Minority and Women Inclusion. This is an amendment that says each of the federal regulatory agencies must have an office that is dedicated to diversity and including minorities and women.

It is mandated with the responsibility to open up opportunities to increase employment, contracting opportunities and to recommend the dismissal of firms that do not include minorities.  Waters goes on to say, “It’s time for some real affirmative action …”

Roland asks Congresswoman Waters about the African-American foreclosure rate. 50 percent of African-American wealth is likely to be wiped out as a result of foreclosures in this country. Waters explains that she created the Neighborhood Stabilization Program, which helps rehabilitate homes that have been foreclosed and put them back on the market for low and moderate-income people. In addition to that, Waters created the HAMP Program (Home Affordable Modification Program) that helps unemployed homeowners. This program provides low interest rate loans to help them pay their mortgages.

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  • MaryAnn Parrish

    Roland, I listened to your conversation with the very dynamic Maxine Waters this morning on the TJMS. While Congresswoman Waters is always on point, I have a concern about the inclusion of the Office of Minorities and Women. It is truly necessary; however, we have to learn that Affirmative Action programs turned into a program that ended up benefiting white women. When white women wanted to start businesses or climb the corporate ladder, Affirmative Action programs grew leaps and bounds. However, when white women decided that they wanted to have babies and stay home with them, the talk for the end of such programs increased. White women could do that because their CEO husbands could provide for them…not so for Black women. In addition, every minority will benefit from a Minority inclusion except African-Americans. There will be a few because there has to be to show representation, but the bulk of the program will be Hispanic. My fear, as an African-American woman, is that this office, if not closely monitored, will end up benefiting Hispanic men and women and white women.

  • http://www.facebook.com/people/Brenda-Barnes/1435465480 Brenda Barnes

    Hi Rowland, love your show!  I am a single parent ,business owner of 22 years(Instructor, salon owner). owned two properties (my business property that was foreclosed on in Feb., and my home of 19 years which has 80,000,00 in equity).  I was injured on my job, where I sustained permanent injuries to my back.  I was treated by several physicians and taken off work (with doctors excuses) for an entire year.,  to discover that I had been terminated, while on medical leave.  I had no idea  that the school systen does not have workers compensation and  have not been able to retain an attorney. I have sought representation from our union attorneys to discover that they were removing documents from my file that would help prove my case, physicians, falsifying medical records, and a loss of medical insurance ( my injury is permanent).  I have been trying to reinstate my loan on my home to discover that I have been a victim of mortgage fraud.  I have a nine year old daughter (A honor student) that doesn’t understand  how one woman can spend her entire life working hard, taking care of others, employing other( sometimes not accepting any rent)  could lose  her life’s investments because of one accident.  I raised a son, who is now 23,(Rn traveling) and intend to start an alternative cosmetology  school for our kids (special needs).  Please tell me that this is not America!   (shearmetrics@yahoo.com)

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