Greenspan On Discrimination

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Greenspan On Discrimination

"I believe that…business and financial industry decisionmakers are subject to some inertia in expanding their vision to seek talent wherever it lies. Our experience with mortgage applications is one that underscores the role that free market competitive pressures can play in undermining discrimination and improving the profitability of business activity. Discrimination is patently immoral, but it is now increasingly being seen as unprofitable." Alan Greenspan it remarks at the Wall Street Project Anniversary Conference of the Rainbow/PUSH Coalition, January 16, 1998.

Copyright © 1998 Compliance Action. Originally appeared in Compliance Action, Vol. 3, No. 1, 1/98

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Greenspan On Discrimination

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