Nearly 20 state attorneys general are investigating top banks for pushing social justice and canceling conservative accounts at the expense of their fiduciary duty.
The states are investigating Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo over environmental, social and governance (ESG) investing policies and involvement with the United Nations’ Net-Zero Banking Alliance.
Missouri Attorney General Eric Schmitt (R) made the announcement on Wednesday that 19 states are probing the banking institutions for breaking their duty to their customers.
Per Just The News:
“We are leading a coalition investigating banks for ceding authority to the U.N., which will only result in the killing of American companies that don’t subscribe to the woke, climate agenda,” Schmitt said.
The six banks were served with civil investigative demands, similar to a subpoena, for information about their involvement with the UN and their environmental, social and governance practices.
“These financial institutions are entrusted with protecting a different type of green,” said Arizona Attorney General Attorney General Mark Brnovich, whose state is part of the investigation.
While five states cannot be named due to state laws or confidentiality regulations, other states involved in the probe include Arkansas, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Texas and Virginia.
The announcement comes one day after Missouri Treasurer Scott Fitzpatrick withdrew about $500 million in state pension funds from BlackRock over the investment company’s “woke” agenda.
These banks are attempting to eliminate democracy by using their financial power to force the leftist agenda on America outside the political system and in contravention to the U.S. Constitution.
These banks are dangerous, un-American forces seeking to topple this country.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
Tags: Commentary
Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.