No, the hypothetical is if it *is* my SGA contribution, clearly marked as a racist screed and with no other value. Would you accept it? No. It doesn't align with the Foundation's values or aims. But Symphony does, and so you chose to accept it and the responsibility for turning it into a usable project.
You're behaving as if code has no value until it's been through the Apache release process. Going through that process undeniably adds value, but it's potentially useful to others even without that. IBM provided a grant of permissions to a body of code - it would take very little time for you to explicitly pass on that grant (including appropriate disclaimers), and in the process you would make it much easier for others to make use of the code in advance of it working its way through your release process. Does that really seem like an unreasonable request?