Woke Wall Street firms discover they have no allies on Capitol Hill

Washington Examiner Reports: "Investment firms that have turned woke are now realizing that the team they chose to join doesn’t really care about them."

"GOP lawmakers are eying investment managers who are pushing ESG scoring in investing. This environmental, social, and governance scoring is destructive , trying to bend the world of finance to the social goals of the Democratic Party. And yet, while these investment firms have made themselves toadies of the Democratic Party, they are discovering that Democrats don’t actually like them all that much."

"According to Zachary Warmbrodt, “Wall Street giants are finding they have few defenders in Washington to help fend off the assault” from GOP politicians. The firms, including BlackRock, Vanguard, and State Street, “have no Republican allies,” and major business trade groups aren’t coming to their defense. At least these investment firms have the support of the environmental zealots at the Sierra Club."