Vanguard - one of the biggest purveyors of ESG bullshit - is now abandoning ESG investing
(www.spectator.com.au)
- YUGE -
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Florida & other states pulled their pension funds out of the esg woke satanic shit.
So at least on the public front, those woke satanic wall street assholes have to retreat a bit. Whether they really retreat or just redefine things is yet to be seen, but in terms of PR, they seem to have lost this round.
This is the right assessment. Regardless if they had a personal change of heart, the fact they are publicly walking away from ESG should not be discounted.
This will have downstream affects. Many companies only embrace ESG because they get favorable banking terms and investments.
Okay, now that jibes. Florida is the nation's third most populous state. That's a lot of money leaving. Add in people with retirement investments ready to jump ship at the first sign of "woke" and that's why Vanguard backed off.
Shrug
Keep a close eye on them and their actions and see.
My theory is that they realize that they probably lost the battle on the ESG front and reallocating resources somewhere else where public fury is not present.
Coupled with the loss of SVB, it might mean that wokeness will crumble and fall soon, for the time being, only to come back when people memories fade away.
Yep. WHO pandemic Treaty and WEF 15 minute shitties not getting jammed through as simply as planned.
They want you to feed the war machine by conscripting to kill brothers, for the sake of bankers. They want you just patriotic enough to die for them, but not enough to die for yourself. I'll give you the same advice I gave everyone during "covid": DO. NOT. COMPLY.
Originating article (WSJ): https://archive.is/X1Ckt#selection-285.234-285.438
A: NCSWIC
u/#trumpnato
Fucking love this GIF.
I know very little about finance..but I would guess they were hearing lots of "customer feedback" over the idea of Vanguard sinking their retirement savings into some total turd bound to lose money. I would also imagine said "feedback" included the idea of retirement funds being moved somewhere else post haste, lawyers getting involved, and a nice opening segment on Tucker Carlson as well.
seems to me that ESG investing violates their fiduciary responsibility.
Good news. Now congress needs to pass a law that removes the ability of fund managers to represent the stocks they invest in on behalf of their clients. It should pass through to the investors.
Yup. Same reason the government/corporate revolving door needs to be nuked. You shouldn't even be able to marry someone who poses a conflict of interest. #MakeMarriagesContractsAgain
In reading they only pulled some money out & left one treaty for net zero emissions. They still fight for the S and the G. Don’t count this as won yet.
That's a nice win.