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Podcast: Townhall Review | Commentaries
Episode: Jerry Bowyer: President Biden’s Veto
Description: President Biden has issued only one veto so far, and he used it to protect gigantic Wall Street firms such as Blackrock who use an approach to investing called ESG, which imports social factors into financial decision-making. The Trump administration had—rightfully—told pension managers that they could only use ESG in the investment process if they could make the case that such factors would likely improve the financial returns for retirees. That’s the standard to which pensions have historically been held. Managers have a fiduciary duty to focus on one thing: The financial good of...