Treasury warns that anti-woke banking laws like Florida’s are a national security risk WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter sent Thursday to lawmakers. The letter singled out a law signed by Florida Gov. Ron DeSantis in May that says it would be an “unsafe and unsound practice” for banks to consider non-financial factors when doing business. The letter concludes that “such laws create uncertainty and may inhibit” national security efforts. Conservative Republicans such as DeSantis have sought to block environmental and socially conscious standards for investing, saying that such initiatives can lead to unfair discrimination based on political beliefs and harm legitimate businesses. They say that considering environmental, social and corporate-governance issues, or ESG, before deciding whether to invest is woke behavior gone amok. ------------ What a load of crap.
National Security? Was DHS concerned about risking civil war, just recently? Those who would risk civil war to stay in power, would also risk a world war to stay in power. Preppers were right, big told you so coming soon.
I don't see how anti-woke banking laws are a national security risk -- and I did a lot in work in the banking sector. The article only includes very weak arguments on why the Treasury Department considers these laws to be a national security risk. I doubt any of these type of assertions would hold up in a court room.
Another example of woke Democrats abusing power trying to force their political views on an entire business sector.
Liberals love woke policies until it negatively affects their own lives. Remember the defund the police movement and a few members of congress were attacked by violent thugs and they then were saying that "thugs need to be locked up" and communities need more cops??? How funny is that!