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Treasury Bars Scammy ESG Funds From Trump Accounts, Citing Left-Wing 'Political Activism' Concerns

The Treasury Department is moving forward with rules that would exclude investment funds built around scammy, globalist environmental, social, and governance (ESG) criteria from Trump Accounts.

Fox Business reports that under the newly proposed framework, qualifying indexes would need to track broad segments of US or global equity markets using objective financial criteria, rather than criteria crafted by social justice warriors who seek to make the West energy-poor.

"Corporate America has rejected ESG ideology, and we will not allow it to be a part of Trump Accounts," Treasury Secretary Scott Bessent told the outlet in a statement.

Treasury Department bars ESG funds from Trump Accounts, citing 'political activism' concerns: https://t.co/pRvofRHZB3

( TS: Aug 21 2026, 1:21 PM ET )​‍‌​​​‌‍‍​‍​‌‌​​‍‍​‍‍‍​​​‌​‌​‍‌​​‍‌​‍ pic.twitter.com/FmVLgAhwbR

— Commentary Donald J. Trump Truth Social Posts On X (@TrumpTruthOnX) August 21, 2026

ESG scores have been hijacked and "weaponized" by social justice warriors over the years. For instance, large tobacco companies have received higher ESG scores than Elon Musk's Tesla.

The ESG Ruse Continues: Legacy Tobacco Companies Are Posting Higher ESG Scores Than EV Maker Tesla https://t.co/jlOisi3UNJ

— zerohedge (@zerohedge) June 15, 2023

"Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn't make the list!" Elon Musk wrote on X several years ago.

Musk is right...

• Companies With Good ESG Scores Pollute Just As Much As Those With Low Ones, New Analysis Finds

Meanwhile, earlier this year, the ESG ruse continued with MSCI's decision to assign SpaceX the "lowest possible ESG rating," while Big Oil and defense companies scored high on the list.

ESG investing has drawn criticism from Republicans who say these funds incorporate ESG standards that may subordinate investor returns to political priorities.

Trump Accounts launched on July 4 and have attracted more than 7 million registrations, the outlet said, citing a Treasury spokeswoman. More than 2 million enrolled children are eligible for a $1,000 federal contribution.

James Lindsay, the author of "Race Marxism" and other books challenging woke narratives, has noted that ESG is merely a weapon in the hands of "social justice warriors" seeking to shake down corporations and a tool for those attempting to impose a "one-world government."

Tyler Durden Sat, 08/22/2026 - 16:55

Karmelo Anthony’s bid for a retrial after being convicted of murder was shot down by a Texas judge Saturday.

The victim of the horrific Friday night lights high school football shooting in Bakersfield has been identified.

The US has been quietly shepherding oil tankers across Hormuz since May, using shadow fleet tactics like turning off their radars to sneak by undetected and navigating close to the coast of Oman.

The city is considering bringing back red-light enforcement cameras, two years after its previous program was shut down.

Each week, the California Post will power rank MLB’s 30 teams and check in on one intriguing awards race. Records as of Saturday morning: 1) Brewers (80-49) Last week, we dropped the previously top-ranked Brewers below several teams (including the Dodgers). So, right on cue, they turned around and won a series at Dodger Stadium,...

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Arizona Cardinals rookie Jeremiyah Love’s girlfriend Aliece shut down trolls after he gifted her a $300,000 Lamborghini Urus.

Bill Walton’s eyes got misty. The smile — that million-watt smile that lit up every room, every gym, every Grateful Dead venue he ever walked into — dimmed. This was the one subject that could always harsh his mellow, no matter how good a mood he was in. I’d asked him about his feet. When...

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The Poison frontman revealed he underwent surgery in July after "intense" kidney stone pain.

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Breanna Stewart wanted to wait.

In the fourth of our six-part draft preview series, Fantasy Insanity takes a look at running backs.

Waste Of The Day: Millionaire Mortgages

Authored by Jeremy Portnoy via RealClearInvestigations,

The Department of Agriculture's Section 502 loan programs help low-income families buy homes with mortgages that don't require a down payment. But in 2013, an investigation by Reuters found dozens of millionaires took advantage to purchase vacation and rental homes.

Though the millionaires later repaid their loans, the program as a whole covered $500 million in losses from defaults in 2013, or $715 million in today's money.

That's according to the "Wastebook" reporting published by the late U.S. Senator Dr. Tom Coburn. For years, these reports shined a white-hot spotlight on federal frauds and taxpayer abuses.

Coburn, the legendary U.S. Senator from Oklahoma, earned the nickname "Dr. No" by stopping thousands of pork-barrel projects using the Senate rules. Projects that he couldn't stop, Coburn included in his oversight reports.

Coburn's Wastebook 2013 included 100 examples of outrageous spending worth nearly $30 billion, including the loans for millionaires.

Search all federal, state and local salaries and vendor spending with the world's largest government spending database at OpenTheBooks.com.

Key facts: Reuters analyzed mortgage records from 2003 to 2011 and found more than 180 USDA-backed loans went to borrowers who reported annual incomes above $500,000. That was an apparent violation of the program rules. Loans were only meant for buyers whose income was not above the median income of their community.

The records showed at least 500 USDA-backed mortgages worth $500,000 or more, including more than 90 exceeding $1 million. Loans appeared in resort communities including Hyannis Port, Massachusetts, California wine country, and the "thriving seaside enclave" of Ewa Beach, Hawaii.

One retired advertising executive told Reuters he used a USDA loan to buy a house in North Carolina. "I could have bought a house another way," he said, "but this allowed us to travel, and our hope in a few years is to purchase a beach property in Surf City that we can rent out now and retire in later."

The program's definition of "rural" was also generous. Reuters found at least 51,600 mortgages worth $6 billion in cities designated as urban by the U.S. Census, including places near Los Angeles, Washington, Seattle and Austin. Another 300,000 loans worth $38 billion were located in areas that "straddled" urban and rural boundaries.

USDA said the overwhelming majority of borrowers were the low- and moderate-income families the program was intended to help. The average applicant earned about $48,000 and borrowed $131,000.

Summary: There is a place for government programs that help families who cannot otherwise afford a home, but people earning $1 million per year probably should not need help affording the down payment.

Tyler Durden Sat, 08/22/2026 - 16:20

Cars were roaring through the 1.7-mile track carved out of streets in downtown Washington, DC, as a tune up for Sunday's race -- on a track that runs by the Smithsonian museums on the National Mall and within sight of the Capitol building.

Sweeney shared photos from her summer getaway with Braun on Instagram Saturday.