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Make no mistake, Silicon Valley Bank was woke

Posted on 3/12/23 at 7:32 am
Posted by Geauxldilocks
Member since Aug 2018
2473 posts
Posted on 3/12/23 at 7:32 am
LINK

Don’t listen to Biden or Warren, and it’s frightening to think they’ll have to lead on the fix. Tomorrow will be a historic day in the future of the US and world.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262628 posts
Posted on 3/12/23 at 7:37 am to
quote:

including a “safe space” for coming out stories,


Silicon Valley Bank execs think their gay employees are children who need coddling it sounds like.
Posted by DabosDynasty
Member since Apr 2017
5179 posts
Posted on 3/12/23 at 7:39 am to
Well obviously we can’t let the gay bank totally fail. It’s important for the children.
Posted by notiger1997
Metairie
Member since May 2009
58380 posts
Posted on 3/12/23 at 7:40 am to
Cool
Posted by idlewatcher
County Jail
Member since Jan 2012
79527 posts
Posted on 3/12/23 at 7:43 am to
You selfish xenophobe. Have you not considered the trans and the chi’rens?
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18959 posts
Posted on 3/12/23 at 7:45 am to
quote:

instituting SVB’s first “safe space catch-up” — which encouraged employees to share their coming out stories — and serving on LGBTQ+ panels around the world, Ersapah also spent time over the last year serving as a director for Diversity Role Models and volunteering as a mentor for Migrant Leaders.


I wonder how much of their depositors money was spent flying this person around the world supporting non-financial causes. This bank needs to go broke and they sure as frick better not use my tax dollars to "bail" them out.
Posted by c on z
Zamunda
Member since Mar 2009
127567 posts
Posted on 3/12/23 at 7:50 am to
A bigger conversation should be the impact of Dodd-Frank being rolled back.
Posted by AlextheBodacious
Member since Oct 2020
1544 posts
Posted on 3/12/23 at 7:50 am to
quote:

Make no mistake

What mistakes are we at risk of making with this story?
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
67114 posts
Posted on 3/12/23 at 7:51 am to
Swalwell was already on Twitter calling for a bailout so it has to be a POS woke bank if he’s backing it.
Posted by Giantkiller
the internet.
Member since Sep 2007
20586 posts
Posted on 3/12/23 at 8:25 am to
Poorly run banks fail. Especially if everyone was sensing it was a poorly run bank and just kept hanging around. But this is really what the FDIC was created for, is it not?
Posted by josh336
baton rouge
Member since Jan 2007
78099 posts
Posted on 3/12/23 at 8:29 am to
Remember when chicken asked that political posts be left to the poliboard? I do, and i wish we could uphold that
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68668 posts
Posted on 3/12/23 at 9:12 am to
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8433 posts
Posted on 3/12/23 at 9:18 am to
Go Woke, Go Broke.

It's that simple.

Trump 2024 - He was right then, he's right now.


This post was edited on 3/12/23 at 9:21 am
Posted by KAGTASTIC
Member since Feb 2022
7989 posts
Posted on 3/12/23 at 9:27 am to
quote:

Tomorrow will be a historic day in the future of the US and world.


And what is going to happen tomorrow that will be historic?
Posted by Pandy Fackler
Member since Jun 2018
14642 posts
Posted on 3/12/23 at 9:28 am to
quote:

Make no mistake, Silicon Valley Bank was woke


But that's not why it failed. It failed because the business end of it was poorly run and managed.

Bank of America, JP Morgan and all these other globo-institutions are just as frickin' woke and for those who got out in time, that's exactly where their money went.

I know we all toss off to the thought of corporations actually going woke and then broke but let it go, it won't happen.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68668 posts
Posted on 3/12/23 at 9:33 am to

Posted by Bobby OG Johnson
Member since Apr 2015
25502 posts
Posted on 3/12/23 at 9:34 am to
quote:

Make no mistake, Silicon Valley Bank was woke
Posted by Penrod
Member since Jan 2011
40066 posts
Posted on 3/12/23 at 9:57 am to
They might have been, but what you guys are missing is that most of these big companies that act woke are only doing it to avoid harm to their companies. The source of woke is really a small coterie of well heeled Marxists.
Posted by Taxing Authority
Houston
Member since Feb 2010
57455 posts
Posted on 3/12/23 at 12:25 pm to
quote:

Make no mistake, Silicon Valley Bank was woke
I hate wokeheads as much as anyone else. But that had nothing to do with this. The problem was believing the Fed's forcast that rates would stay flat because inflation was "transitory". Then the Fed raised rates and made their holding worthless.
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 3/12/23 at 4:59 pm to
What happened to just being a fiscal responsible bank?

Just be a bank, and don’t tell me how to live.

Pretty simple concept!!!
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