Posted on 07/10/2023 11:51:55 AM PDT by ChicagoConservative27
On Monday’s broadcast of MSNBC’s “Ana Cabrera Reports,” Special Presidential Envoy for Climate John Kerry stated that green transition investment has been undercut by the fact that money managers “have a fiduciary responsibility, an obligation to the people they manage it for not to lose the money, but to produce returns on that investment.” And the fact that pension funds “are very careful about those investments in order to make certain they have the money to pay out to the pensioners who work for that money all their lives.” Kerry also said that he has urged those who manage large amounts of money that they have “got to help us create the structure” to spend on climate.
Kerry said that President Joe Biden and King Charles were briefed “on the way trillions of dollars could begin to be deployed into the private sector to accelerate this transition so we are not putting greenhouse gas emissions up into the atmosphere to the detriment of every human being.”
(Excerpt) Read more at breitbart.com ...
We obviously need to change the rules, so that Money Managers no longer have any fiduciary responsibility and can just take all the money they manage and spend it willy-nilly to fundamentally transform the world and create a communist utopia.
It may be a ludicrous word salad, but the meaning is pro-communist all the way. He’s saying that “If free markets will not allocate capital the ‘right’ way, then abolish free markets.” Where the “right” way is whatever John Kerry says investment should go.
The stupid is strong with him
Kerry is saying steal from your clients.
Well Fink is trying to work around his Fiduciary responsibility with Blackrock with a woke investment agenda. Hopefully it will catch up to the POS in a criminal court.
Blow the dust off your own checkbook, Lurch.
Leave your grubby mitts off of mine.
L
I hope funding dries up.
You can blame it on a money climate drought.
Solyndra.
Translation. We want to steal your private pension funds to fund our projects.
French John, who divorced his clinically depressed first wife to marry the heiress to the Heinz fortune, wants you to forget about your nest egg, forget about your retirement, and let him squander the money on solar panels at the north pole, etc.
The problem with DC uniparty neo-marxism is that you eventually run out of other people’s money.
Like FTX Crypto-Crap
” money managers “have a fiduciary responsibility, an obligation to the people they manage it for not to lose the money, but to produce returns on that investment.””
yeah, john, that’s a bad thing ... very, very bad ...
you greenies need to get that changed to something like:
“money managers have no fiduciary obligation to their clients when ‘investing’ their client’s money in “green” money-losing ventures”
Every time Lurch opens his mouth I think, “That’s it, there’s no way I can hate him more than I already do.” Then he exceeds expectations.
These eco-nuts never rest in their fight against evil capitalism that they often associate racism, or white supremacy, or homophobes, transphobes, or the complaint of the day.
More booschidt from the Heinz boy who confused O’Bammie so bad that Barry thought there were 57 states too.
He’s such a flaming hypocrite!
FU Kerry!
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