This Week in ESG and Impact Investing

We are stunned to learn that banking and financial market regulators are considering using taxpayer funds to finance the creation of a separate entity to hold "toxic" financial instruments. This is a dangerous suggestion that will not solve the problem. At best, this is akin to moving a fire from, say, your living room to your dining room. At either location, the fire will continue to grow. The proposed separate entity simply provides more oxygen to the fire, wherever it is. We will be spending all of our reserves: 1. to purchase a set of financial instruments with limited information on what, exactly, we are buying, 2. to purchase a set of financial instruments with limited value, 3. to purchase a set of financial instruments with unlimited risk, 4. to purchase a set of financial instruments with virtually no information on how long we will have to hold them to "turn a profit." (Note that these contracts will never turn a profit. They are not designed to...) a