Vanguard Backs Away from ESG Investing

[jerryab2]

@steve203

Some companies, BlackRock is one, have been barred by some states, from doing certain business with the state governments, because of their “woke” policies.

Violation of First Amendment by those state govts. But it also means those states are possibly choosing to NOT invest retirement funds to earn the maximum return. THAT would be a breach of fiduciary responsibility by the state govt(s).