Forbes' reaction
This isn’t hard to understand, Forbes and I suspect many others new this “climate bank” was in big trouble, and decided to start pumping it up in an effort to save the planet at the taxpayers expense.
We live in a world now where the standard is how Woke an institution or individual is. Proper practice is in the back seat.
Owned by China.
Well, that’s the problem. Being a major consumer of financial news you would eventually surmise a few things. 1.) Journalists have a rudimentary understanding of finance at best. 2.) Journalists and business network talking heads are often being played by businesses and their representatives. 3.) Journalists report. That’s their full time job. They do not trade for a living - successful traders are the experts and they are NOT in the news. You probably never heard of them. Is it really a good idea to rely on non experts? 4.) Journalists are not financially astute. They spend tens of thousands of dollars and go into debt to go to j-school where they learn to write at a sixth grade level and ask who, what, when and where.
The Government-Media-Banking Complex at work.
Forbes is CHINA owned.
Does a Chinese investment group own Forbes?
Forbes Media, which encompasses the magazine Forbes and other related business ventures, is majority-owned by Integrated Whale Media Investments. The Hong Kong investment group purchased a controlling stake in the company in 2014 for an undisclosed amount.
Forbes is as woke as SVB.