Loading ...Biden is actually trying to change the rules for fund managers in the US that would require them to focus on ethical investing instead of the old standards of the best interest of the client. This would apply to 401(k)s, pension funds, managed funds, mutual funds, etc. And nothing about the war in Ukraine has made him back down on his Green nonsense–he was touting it again at the SOTU. Of course in the old days, pre-Obama (or even in Trump’s term), changes like that would require a law passed by Congress. But Biden just tries to self-legislate and hope it doesn’t get shot down by the courts. He loses most of the time he tries this, but it puts the onus on people and organizations to sue to block a ‘law’ that never went through the process of becoming a law. That wasn’t what executive orders were designed for.
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