PING!
ESG = Corporate Fiduciary Negligence
Blackrock has also been investing large sums ($120B) in the residential real estate market. Much of this investment during a bubble. And now we have rising interest rates, falling real estate prices and inflation. I’d be divesting from Blackrock too...
Louisiana did the other day as well.
And never trust a company run by a Fink.
Blackrock is about to get its arse handed to it in the real estate crash.
So states can invest taxpayers' funds in private companies?
I didn't know that.
Sounds like a risky game and a recipe for corruption.
Here's an idea: Why not invest taxpayer dollars in things that will really help people in the state--or here's a better idea--if there is so much money left over, refund the taxes and let citizens invest them themselves.