Treasury warns that anti-woke banking
laws like Florida’s are a national security risk
Associated Press,
by
Josh Boak
Original Article
Posted By: sunset,
7/21/2024 4:36:49 AM
The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter sent Thursday to lawmakers. The letter singled out a law signed by Florida Gov. Ron DeSantis in May that says it would be an “unsafe and unsound practice” for banks to consider non-financial factors when doing business. The letter concludes that “such laws create uncertainty and may inhibit” national security efforts. Conservative Republicans such as DeSantis have sought to block environmental and socially conscious standards for investing,
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Reply 1 - Posted by:
Highlander 7/21/2024 4:54:34 AM (No. 1762312)
If that is true, then bulls do have feathers.
25 people like this.
Sounds like some Communist Donors are seeing their profit margins slide a little, and decide to sic their bought government employees on the offending target.
20 people like this.
Reply 3 - Posted by:
Msquared112 7/21/2024 6:13:17 AM (No. 1762341)
Wow, this isn't even a cogent explanation let alone a rational one. ESG practices, like DEI and CRT, are killers of America, yet the TREASURY Dept. thinks it's a good idea?
33 people like this.
Reply 4 - Posted by:
Mcscow sailor 7/21/2024 7:31:58 AM (No. 1762356)
Huh?
7 people like this.
Reply 5 - Posted by:
anniebc 7/21/2024 7:36:57 AM (No. 1762359)
It's more like the Treasury Department has been hijacked by leftist terrorists, just like every other government agency. What was it PDT said on Thursday? The federal government spent $1B a piece basically for EV charging stations. Did they go to "middle earth" to get some new electric source. Who got rich off those charging stations that will never turn a profit? Who's looking into that and stripping bank accounts of those who profited? Do we need a Treasury Department anymore?
13 people like this.
Reply 6 - Posted by:
philsner 7/21/2024 7:46:37 AM (No. 1762368)
Let the leftists yammer on.
5 people like this.
Reply 7 - Posted by:
Mrs. Obelix 7/21/2024 8:18:18 AM (No. 1762389)
I am tired of laws that hassle normal, law abiding Americans. Even if there were no ESG component to this, it is deeply offensive. Actual lawbreakers are dangerous, so government agencies institute these programs to make it look like they are doing something, when in fact it is all window dressing.. see also: TSA, pseudoephedrine restrictions, and sobriety checkpoints. Leave us alone. We should not have to prove our innocence to go about our lives.
11 people like this.
Reply 8 - Posted by:
thekidsmom66 7/21/2024 8:20:13 AM (No. 1762390)
Well, of course! Hiring the best and brightest minds to understand and expose the patterns of corruption will only embolden the noble criminals to defy the evil white supremacist patriarchy. No, no, no. The best way to fight these things is to hire people who check all the right DEI "boxes". Those noble criminals will be in awe of the diverse rainbow and will likely reform and stop what they are doing, absorbed into the amorphous light of all the diverse "love".
6 people like this.
Reply 9 - Posted by:
BarryNo 7/21/2024 8:22:24 AM (No. 1762392)
Our government is run by the contemptible and incompetent who rely on the inherent power granted the office they hold, to abuse those they are supposed to serve.
11 people like this.
"National security risk"...."risk to democracy"... I think they all mean risk to the continuation of the deep state.
11 people like this.
Reply 11 - Posted by:
mifla 7/21/2024 8:50:48 AM (No. 1762421)
From yet another government agency that screws up everything it touches.
3 people like this.
Reply 12 - Posted by:
Ida Lou Pino 7/21/2024 8:56:51 AM (No. 1762428)
Another embarrassing and humiliating entry from the AssPress.
Hey, Assguys - - just stick to your "Hottest Year - - EVER!" fantasies. At least there are still some chumps out there who believe them.
3 people like this.
Reply 13 - Posted by:
Laotzu 7/21/2024 9:01:05 AM (No. 1762430)
Too funny. That perpetual bugaboo -- national security! We must throw all reason to the wind for national security! What the celebration of sexual deviance has to do with national security is beyond me. It takes a child's mind to make these kinds of assertions, and that is who now runs our federal agencies -- children.
2 people like this.
Reply 14 - Posted by:
Strike3 7/21/2024 10:02:40 AM (No. 1762475)
They gather way too much information for it to be considered essential. Why don't they just admit that it's for targeted marketing purposes? Okay, if the guy's name is Mohammed, check him a little closer.
3 people like this.
Reply 15 - Posted by:
edgar 7/21/2024 10:18:33 AM (No. 1762492)
The banking industry did just fine before ESG. Can they prove ESG does anything to improve banking performance? I am not recognizing any threat due to removing ESG.
5 people like this.
Reply 16 - Posted by:
mc squared 7/21/2024 10:29:07 AM (No. 1762500)
FTA: "Tennessee recently enacted a similar law, although it was not mentioned in the Treasury letter. State legislatures in Arizona, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana and South Dakota also have measures along these same lines under consideration."
But only (future contender) Ron DeSantis is singled out.
2 people like this.
Reply 17 - Posted by:
kono 7/21/2024 10:50:02 AM (No. 1762515)
The very notion seems so incoherent that it could have come from an old Emacs hack that scrambled statements into jibberish.
meta-X dissociated-press
That this actually came from an outfit that styles itself "associated press" makes this bring me a smile while I grimace at the swamp media.
0 people like this.
Reply 18 - Posted by:
DVC 7/21/2024 11:54:35 AM (No. 1762567)
These are the same geniuses that brought us $4 trillion in new money, invented from thin air, and were genuinely surprised that this caused massive inflation.
Ignore the morons, regardless of what fancy titles they might currently hold. The recent Director of Waste Management at Department of Energy was a certified mental case who shaved his head, wore dresses that he stole from women's luggage at the airport. This is the typical caliber of Traitor Joe's "experts".
2 people like this.
Reply 19 - Posted by:
MickTurn 7/21/2024 12:08:42 PM (No. 1762584)
It should be ILLEGAL for Banks and any other money handling entity from doing anything but their REAL JOB, Making sure YOUR MONEY isn't stolen or misused. Anyone working for these Banks should be there ONLY based on their skills at doing ONLY that Job!
2 people like this.
Reply 20 - Posted by:
Vaquero45 7/21/2024 12:20:51 PM (No. 1762595)
The Treasury Department, headed by idiots, is hoping that enough of us are idiots that will swallow this bee ess.
2 people like this.
Reply 21 - Posted by:
pensom2 7/21/2024 1:42:53 PM (No. 1762634)
The presence of Joe Biden in the White House is a far greater security risk to this country than the lack of "sufficient" ESG consideration at US banks.
0 people like this.
Reply 22 - Posted by:
danu 7/21/2024 5:55:48 PM (No. 1762956)
now you know why america the beautiful wants to tenderise the ds. rock salt works well.
0 people like this.
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For Pete's sake, the treasury department implemented ESG banking rules as an asymmetrical attack on the firearms industry, and to undermine America's second amendment rights to keep and bear arms.