[T]he bill gives Treasury the power to liquidate banks that pose a threat to financial stability. But it essentially exempts minority-owned banks and those approved by Acorn-style urban organizers.

"The orderly liquidation plan shall take into account actions to avoid or mitigate potential adverse effects on low- income, minority or underserved communities affected by the failure of the covered financial company," it says.

In other words, zombie banks laden with subprime and near-prime loans may be too PC to fail. Democrats call such immunity from reform "impact protections," but Republicans aren't buying it.