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Wednesday Overnight Open Thread - December 4, 2024 [TRex]
Horse Sense Cafe Quick Hits Leftwing Media "Experts" Spin Hunter Biden's Pardon By Inventing Previous Pardons That Never Happened Assassin Guns Down the CEO of UnitedHealthcare in the Middle of the Street in Alvin Bragg's Sanctuary City for Killers, NYC Supreme Court Hears Arguments on Tennessee's Anti-Transgender-Surgery-for-Children Law; Unqualified DEI Incompetents Ketanji Brown Jackson and Sonia Sotomayor Shine In Their Stupidity Dank Brandon's Bewildered African Adventure White House Once Again Turned Into Eyebleeding Gay Meth-Hallucination Nightmare by White Trash Delaware Hillbilly Biden Clan Judge Orders Fani Willis to Disclose All Correspondence with the January 6th Committee Wednesday Morning Rant Absent Friends
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August 01, 2022
The Morning Rant - West Virginia vs Mega Banks’ Anti-Energy Policies: US Bancorp Backs Down; Others Are Spinning and Acting ScaredWe have the power at the ballot box to roll back the eco-communism supported by the left and corporate America. We just need to elect more people in state and municipal elections like West Virginia’s State Treasurer, Riley Moore. This guy is making an impact. A few weeks back I wrote how Mr. Moore needs to be on the shortlist for VP in 2024, or possibly Energy Secretary for the next GOP President. Since then, he has gotten US Bancorp to back away from their anti-coal policies, and he’s got other money center banks running scared, as he just followed through on his promise to suspend business with them. Now, The New York Times has taken notice, with this prominent story about the flyover-state Treasurer slaying the Wall Street goliaths. West Virginia Punishes Banks That It Says Don’t Support Coal [NY Times – 7/28/2022] West Virginia on Thursday morning announced that five major financial institutions, including Goldman Sachs and JPMorgan, would be barred from doing business with the state because they have stopped supporting the coal industry. Based on anti-coal pronouncements from six major financiers that West Virginia does business with, Mr. Moore had sent them notices advising that they’d be cut off if they didn’t respond that they were backing off from their anti-coal positions. US Bancorp capitulated, so West Virginia will continue to do business with them. Mr. Moore said U.S. Bancorp had avoided inclusion on the state’s list of so-called restricted financial institutions because it had decided to eliminate policies against financing coal from its environmental and social risk policy.
Not so the five other financial institutions. In addition to Goldman Sachs and JP Morgan, the other financiers being cut off are Morgan Stanley, Wells Fargo, and Black Rock. How much do they stand to lose? JP Morgan alone will lose about $46 million in deposits from West Virginia’s public university system. Mr. Moore said those contracts would be wound down by the end of the year and that the state would begin looking for new service providers that did not have policies targeting the coal industry. Having gone full eco-communist with their ESG policies, it’s almost puzzling that Black Rock, JP Morgan, and Wells Fargo are spinning and on defense about West Virginia cutting them off. You’d think they’d wear it like an eco-badge of honor. What are they afraid of? Oh, this might have something to do with it. “Heavy D” has weighed in. The man who stared down Mickey Mouse wants to join Riley Moore in his battle against the anti-energy mega banks. “On Wednesday, Ron DeSantis, the Governor of Florida, joined the campaign, proposing legislation that would prohibit financial firms that manage the state’s pension funds from considering environmental factors when making investment decisions.” Whenever DeSantis takes the lead, followers like Greg Abbot often want to join in. If the big banks get cut off by Florida and Texas, that will have a major impact on them, both financially and reputationally. So what are the big banks saying in response to little West Virginia punching them in the nose? JPMorgan said, “This decision is shortsighted and disconnected from the facts,” adding that its “business practices are not in conflict with this anti-free market law.” Nice spin. JP Morgan wants to use its bully power to impose its environmental agenda on others, but it screams “anti-free market” at a customer who simply chooses to stop doing business with JPM for that reason. And then there is Black Rock. In 2020 it made this announcement regarding its divestment from coal: “Thermal coal is significantly carbon intensive, becoming less and less economically viable, and highly exposed to regulation because of its environmental impacts,” wrote the company’s executive committee. “With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector.” That sounded pretty clear. Black Rock is singing a different tune now, however. BlackRock said it “does not boycott energy companies” and does “not pursue divestment from sectors and industries as a policy.” Why the change in tone? Maybe it’s because elected executives who fight back against corporate bullying are terrifying to pampered CEOs. Any politicians looking for a punching bag in this populist era might find Black Rock a tempting target. Plus, as I noted in my previous post and as noted in this line from the NY Times, Riley Moore had previously delivered one big strike against Black Rock already. This year, Mr. Moore pulled about $20 million of the state’s operating funds out of BlackRock because he said the firm was excessively focused on E.S.G. priorities. In general, the CEOs of big money center banks are more afraid of a 25 year-old employee demanding paper straws and a composting bin in the break room than they are of the millions of normal Americans to whom they want to deny reliable energy. Maybe that’s changing now. They need to be more afraid of us. We can elect people like Riley Moore and Ron DeSantis, and we can encourage elected officials in red states throughout the country to follow their lead. The elected officials in Texas, Tennessee, and other red states need to start fearing the wrath of their voters if they too don’t suspend business with anti-energy bullies like Black Rock and Goldman Sachs. (buck.throckmorton at protonmail dot com) | Recent Comments
Commissar Hrothgar (hOUT3) ~ Next year in Corsicana - again! ~ [/i][/b][/u][/s]:
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Braenyard - some absent friends are more equal than others: "His daddy was a pistol and he was a son of a gun. ..." Tonypete: "[/i] Good evening Italicans! ..." Commissar Hrothgar (hOUT3) ~ Next year in Corsicana - again! ~ [/i][/b][/u][/s]: "Argggh! [/i] ..." Pug Mahon, Pledge in a Beanie: "The chill I just felt was knowing that I am LAST! ..." Commissar Hrothgar (hOUT3) ~ Next year in Corsicana - again! ~ [/i][/b][/u][/s]: "Nice one TRex! ..." AlaBAMA DeButts: "Italican noods ..." JohnFNotKerry: "italics ..." mindful webworker - so they say: "Overnight thread, overnight thread Pops up when I ..." AlaBAMA DeButts: "Egads! Italicans! ..." JohnFNotKerry: "wow 5th ..." Pug Mahon, Pledge in a Beanie: " Doof! Howdy, amigo. Posted by: Notorious BFD at ..." Recent Entries
Wednesday Overnight Open Thread - December 4, 2024 [TRex]
Horse Sense Cafe Quick Hits Leftwing Media "Experts" Spin Hunter Biden's Pardon By Inventing Previous Pardons That Never Happened Assassin Guns Down the CEO of UnitedHealthcare in the Middle of the Street in Alvin Bragg's Sanctuary City for Killers, NYC Supreme Court Hears Arguments on Tennessee's Anti-Transgender-Surgery-for-Children Law; Unqualified DEI Incompetents Ketanji Brown Jackson and Sonia Sotomayor Shine In Their Stupidity Dank Brandon's Bewildered African Adventure White House Once Again Turned Into Eyebleeding Gay Meth-Hallucination Nightmare by White Trash Delaware Hillbilly Biden Clan Judge Orders Fani Willis to Disclose All Correspondence with the January 6th Committee Wednesday Morning Rant Search
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Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |