Posted on 02/25/2021 4:17:13 PM PST by Pining_4_TX
Illinois Treasurer Michael Frerichs and a group of 29 other state financial officials recently sent letters to six of the nation’s largest private sector money managers in a transparently partisan attempt to bully them out of supporting Republicans.
The effort is a misuse of the power that adheres to managing billions of dollars of taxpayer money and sets a dangerous precedent that might well invite retaliation in the same form by Republicans holding similar offices or from a Republican successor to Frerichs. It’s an attempt by incumbent officeholders to control much of the money that controls politics.
Unfortunately, the effort got no scrutiny and only a few news articles in the national media, including these in The Washington Post and Bloomberg.
Frerichs oversees the investment of some $35 billion of Illinoisan’s money. Together with the other treasurers, public fiduciaries and pension trustees who signed the letter, over a trillion dollars of public money is represented.
Their letter went in substantially identical form, one of which is here, to BlackRock Inc., Vanguard Group, JPMorgan Chase & Co., Fidelity Investments, State Street Corp. and Bank of New York Mellon Corp.
The letter purports to be mainly about transparency and political contributions to members of Congress who voted against certification of election results that came in from the states. On January 6, 147 Congressional Republicans voted against certification, which was well over half of the Republican members of Congress.
(Excerpt) Read more at wirepoints.org ...
Can’t Ill be totally defunded?
Can’t citizens make arrests?
Nobody believes the Republicans would even contemplate such an amoral action.
That is why the DemonicRats are free to abuse every moral code the country holds; without worrying about retribution.
“Nobody believes the Republicans would even contemplate such an amoral action.”
Who is talking about Republicans? I am talking about Americans.
Forget it, Jake. It’s Chinatown...
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