Diversity Police: Republicans are scratching their heads over the Obama regime's privacy-invading "National Mortgage Database Project."
What's it for?
That's easy: redistribution of wealth.
In an unprecedented federal intrusion, the president's most radical financial regulators — Mel Watt of the Federal Housing Finance Agency and Richard Cordray of the Consumer Financial Protection Bureau — are creating a massive discrimination database on as many as 230 million Americans.
It will encompass a mortgage holder's entire credit history — including credit scores and account balances — and all credit lines, from credit cards to student and car loans.
"Why are we collecting this amount of data on this many individuals?" asked GOP Rep. Randy Neugebauer of the House banking panel.
The key data that the agencies plan to collect involve "household demographics" — namely, "race/ethnicity." The database will be used to compare the credit outcomes of minority vs. white borrowers. Any statistical disparities will be used to make "disparate impact" bias cases against private creditors in a vast redistribution scheme.
.......In their data dragnet, Obama's diversity police will snag your Social Security number and all account numbers. Don't worry about hacking, identity theft or cyberfraud, they assure us. They'll store your personal info in "locked file rooms, locked file cabinets" inside a building with "security cameras" and 24-hour security guards.
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