Obama To Unleash Racial-Preferences Juggernaut By Paul Sperry Posted 11/08/2012 06:02 PM ET Investor's Business Daily If your organization has a policy or practice that doesn't benefit minorities equally, watch out: The Obama administration could sue you for racial discrimination under a dubious legal theory that many argue is unconstitutional. President Obama intends to close "persistent gaps" between whites and minorities in everything from credit scores and homeownership to test scores and graduation rates.His remedy â short of new affirmative-action legislation â is to sue financial companies, schools and employers based on "disparate impact" complaints â a stealthy way to achieve racial preferences, opposed 2 to 1 by Americans. Under this broad interpretation of civil-rights law, virtually any organization can be held liable for race bias if it maintains a policy that negatively impacts one racial group more than another â even if it has no racist motive and applies the policy evenly across all groups.This means that even race-neutral rules for mortgage underwriting and consumer credit scoring potentially can be deemed racist if prosecutors can produce statistics showing they tend to result in adverse outcomes for blacks or Latinos. Already, Attorney General Eric Holder has used the club of disparate-impact lawsuits to beat almost $500 million in loan set-asides and other claims out of the nation's largest banks. For the first time, the nation's consumer credit reporting agencies, including Equifax, Experian and TransUnion, will come under federal review. CFPB examiners will subject these companies and others to an "effects test" to make sure credit transactions are racially balanced.Those who reject minority applicants for credit cards or charge them higher loan rates had better be prepared to prove to Cordray's diversity cops they aren't racist. Many have already decided it's safer to give black and Latino applicants preferential treatment, which of course is racism of another kind. Other targets of the administration's "racial justice" juggernaut include: standardized academic testing, professional licensing examinations, employee background checks, voter ID requirements, student disciplinary codes, prison sentencing guidelines â you name it. The goal is to equalize outcomes based on race without regard for performance or merit. Read More: http://news.investors.com/ibd-edito...to-wield-bigger-disparate-impact-club.htm?p=2 What happened to meritocracy?