Dems are plotting to take down companies that are favorable to Trump

It’s a leftist news source so the bootlickers like @CallMeBigErn must be frothing at the mouth for revenge and are totally onboard with it.

Now watch him not comment.
 
That’s just stupid.

If anything, sales will rise at those companies.

Remember the Mexican food company that supported Trump a few years back?
 
Blackrock in the sights of Ken Paxton. Blackrock longing for the dem days of the dementia patient. Paxton > Cornyn.

Ace of Spades HQ

ace.mu.nu ace.mu.nu

THE MORNING RANT: Mounting Setbacks for BlackRock and the Woke Asset Management Cartel​

—Buck Throckmorton​

BlackRock, the massive asset management company controlled by Machiavellian CEO Larry Fink, is having a bad go of it recently. Mr. Fink famously tried to use BlackRock’s power and influence as custodial owner of investors’ mutual fund shares to compel corporations to adopt his radical political agenda. Mr. Fink sought to make corporations submit to Net Zero, DEI, ESG, and all the other pathologies of the woke left. With Vanguard and State Street as his obedient political allies, Mr. Fink’s cartel is the largest shareholder of the overwhelming majority of S&P 500 stocks.

Funds invested in a 401k buys shares of stock, but the asset management cartel’s members, as the technical owner of those stocks, were casting proxy votes on your behalf to force corporations to endorse the left’s crazy agenda. The despicable use of your retirement funds to push a political agenda may have just ended, thanks to Texas Attorney General Ken Paxton, along with AGs from ten other red states.

The Attorney Generals have been suing the three big asset managers, but Vanguard just capitulated, agreeing to settle and stop its woke political practices. But best of all, Vanguard will be providing information to the AGs which may further implicate BlackRock and State Street in collusion and/or other anti-trust crimes.

“Attorney General Paxton Secures Historic, Industry-Changing Agreement with Vanguard to Protect the Coal Industry and Empower Investors” [Office of Ken Paxton, Atty General of Texas – 02/26/2026]

Key agreements include:

• Vanguard will pay a $29.5 million penalty to the 11 states for its role in harming the energy industry.
• Vanguard has committed to not impose ESG goals that affect customers’ profitability.
• Vanguard will no longer attempt to direct its portfolio companies’ business strategies.
• Vanguard will no longer “threaten its portfolio companies that it will withdraw from its holdings unless they agree to act (or not act) in some manner.”
• Vanguard will no longer nominate directors or shareholder proposals to its portfolio companies. The days of imposing green board members and net zero proposals on businesses is over.
• Vanguard will start allowing retail investors (e.g you and me) to have proxy votes for investments in funds of US companies.

Ken Paxton pulled no punches in describing what comes across as mafia-like behavior by the asset management companies. Here are some quotes from that press release from AG Paxton’s office:

Attorney General Paxton’s lawsuit seeks to lower the cost of coal—and, thereby, electricity prices—throughout the United States by combatting a BlackRock-led cartelthat sought to drive up the price of coal under the guise of “green energy.”
BlackRock’s efforts produced massive profits for itself and its co-conspirators and raised the prices of electricity on consumers throughout the United States. To further profit on the back of Americans, BlackRock also deceived thousands of its investors who elected to invest in non-ESG funds. The Trump Administration’s Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) have taken legal action to support Attorney General Ken Paxton’s lawsuit by filing a joint statement of interest.

“While Vanguard has taken appropriate action to resolve this case, Blackrock and State Street have continued to ignore state laws, engage in anticompetitive schemes that hurt American energy, and undermine those who use their services to invest.
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This is a big moment, and what so many of us fighting against woke capital have been seeking. Attorney General Paxton (along with Kansas Atty General Kris Kobach and nine others) deserve abundant praise for this victory against the capture of corporate governance by a small cartel of evil asset managers.

But this is just a start. Now that Vanguard has capitulated, it’s in the position of turning state’s evidence against BlackRock and State Street.
 
CallMeBigErn said:
You're right. I have no comment on your paywalled article.
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I guarantee you EC didn’t read the article either. Cuz it doesn’t say what his hyperbolic rant claims it says.

The Trump DOJ has been working overtime to try and jail his enemies and dumb dumb Chris sits back and pretends that it’s totally cool but then he reads a headline to an article he didn’t read and screams FACIAM IS COMING!!! Great stuff.
 
CalJammer said:
I guarantee you EC didn’t read the article either. Cuz it doesn’t say what his hyperbolic rant claims it says.

The Trump DOJ has been working overtime to try and jail his enemies and dumb dumb Chris sits back and pretends that it’s totally cool but then he reads a headline to an article he didn’t read and screams FACIAM IS COMING!!! Great stuff.
Click to expand...
Yes, that’s the editorial slant of left-wing Axios, FudgePacker.
 
Right, I'm sure you're an Axios subscriber. Give me a fucking break.

Nobody read your article bro. Especially not you.
 
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