by Chris Black
So here you can see that this diversity crap is being pushed downwards onto businesses from the top of the food chain: big banks.
How Business Giants Get Lower Interest Rates for Meeting Diversity Quotas
Race-conscious credit agreements are incentivizing ILLEGAL HIRING practices across corporate America t.co/qdAiwzoY9d
— Jenny 1776🇺🇸 (@realouMAGAgirl) November 7, 2022
“Over the past two years, each of those companies has secured a lending agreement, known as a credit facility, that links the interest rate charged by banks to the company’s internal diversity targets, creating a financial incentive to meet them. If the business achieves its targets, it won’t have to pay as much interest on the loans it takes out; if it falls short, it is required to pay more.
“Under the terms of BlackRock’s $4.4 billion credit facility, for example, Wells Fargo will lower the firm’s interest rate by 0.05 percent if it hits two benchmarks—a 30 percent increase in the share of black and Hispanic employees by 2024, and a 3 percent increase in the share of female executives each year—or hike the rate by the same amount if it misses both.”
They’re lowering interest rates on loans for companies that fill up with “diversity” and women, incentivizing the replacement of White men from the workforce.Â
You can bet bottom dollar there’s a disproportionate number of tribe members at the helm of these banks who are doing this.
This is part of the ESG (Environmental, Social, and Governance) crap (www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp) engineered by globalists like Fink, Soros and their ilk.