As usual you knee-jerk post without any knowledge of the subject. Why do republicans hate minorities and veterans?
Democrats do not object to the increase in funding, but they are calling for half of the new money to be targeted to "community-based financial institutions" which they say help businesses owned by minorities, veterans and rural Americans across the country.
House Speaker Nancy Pelosi, D-Calif.,
said in an interview on NPR's All Things Considered that the White House does not support that proposal.
"One of the concerns that we have about the original $350 (billion) is a lot of money [is] first come, first serve, and many unbanked people who are underbanked or unserved on that basis ... don't have banking relationships ... in a way that others do," Pelosi said. "So we said for the next $250 (billion), we really need to have a percentage of that — $60 billion — that would go to something called the community development of financial institutions."