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re: Make no mistake, Silicon Valley Bank was woke

Posted on 3/12/23 at 7:45 am to
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 fallguy_1978
Best States #50
Member since Feb 2018
49029 posts
Posted on 3/12/23 at 7:47 am to
Seems like they were pretty diverse which is far more important than being good bankers
This post was edited on 3/12/23 at 7:55 am
Posted by DabosDynasty
Member since Apr 2017
5179 posts
Posted on 3/12/23 at 7:51 am to
quote:

This bank needs to go broke and they sure as frick better not use my tax dollars to "bail" them out.


They need to be let fail in general, but extra not losing sleep over a get woke, go broke actually happening.

That said, I think nationally we probably need a solution to guarantee higher level deposits at least for corporations who’s payrolls exceed $250k.
Posted by crispyUGA
Upstate SC
Member since Feb 2011
15922 posts
Posted on 3/12/23 at 7:52 am to
quote:

This bank needs to go broke and they sure as frick better not use my tax dollars to "bail" them out.


It’s funny that you believe the government cares what we think. They’ll continue to push agendas and tell us to go vote to make our voices heard, but really it’s just the two sides of the same shitty coin. If our votes had any actual real power in this day and age, voting would have already been made illegal.
Posted by Champagne
Already Conquered USA.
Member since Oct 2007
48663 posts
Posted on 3/12/23 at 9:10 am to
quote:

they sure as frick better not use my tax dollars to "bail" them out.


I have a strong suspicion that the USA will use our tax dollars to bail out this bank.
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