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Started By
Message
Make no mistake, Silicon Valley Bank was woke
Posted on 3/12/23 at 7:32 am
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.
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.
19
Posted on 3/12/23 at 7:37 am to Geauxldilocks
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 on 3/12/23 at 7:39 am to Geauxldilocks
Well obviously we can’t let the gay bank totally fail. It’s important for the children.
Posted on 3/12/23 at 7:43 am to Geauxldilocks
You selfish xenophobe. Have you not considered the trans and the chi’rens?
Posted on 3/12/23 at 7:45 am to Geauxldilocks
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 on 3/12/23 at 7:47 am to jbgleason
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 on 3/12/23 at 7:50 am to Geauxldilocks
A bigger conversation should be the impact of Dodd-Frank being rolled back.
Posted on 3/12/23 at 7:50 am to Geauxldilocks
quote:
Make no mistake
What mistakes are we at risk of making with this story?
Posted on 3/12/23 at 7:51 am to Geauxldilocks
Swalwell was already on Twitter calling for a bailout so it has to be a POS woke bank if he’s backing it.
Posted on 3/12/23 at 7:51 am to jbgleason
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 on 3/12/23 at 7:52 am to jbgleason
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 on 3/12/23 at 7:52 am to c on z
quote:
A bigger conversation should be the impact of Dodd-Frank being rolled back.
Not for me, I don’t see any traditional conservative banks failing with some of the necessary regulations reduced. Just the woke ones. Continue carrying Pocahontas’ water though.
Posted on 3/12/23 at 7:53 am to DabosDynasty
quote:
Well obviously we can’t let the gay bank totally fail. It’s important for the children.
Wtf are you talking about? It’s already failed and has been closed down.
Posted on 3/12/23 at 7:54 am to AlextheBodacious
quote:
What mistakes are we at risk of making with this story?
They’re already blaming Trump and relaxing some of Dodd Frank regulations.
Posted on 3/12/23 at 7:56 am to theronswanson
Totally fail = literally do nothing above FDIC insurance if even actually applicable here. I meant from the perspective of depositors. It’s still likely the fed orchestrates a shotgun marriage over the weekend with someone like JPM or maybe a tech company (Elon seems interested) to quasi save the bank and keep depositors whole.
I think they should let it burn for many reasons.
I think they should let it burn for many reasons.
This post was edited on 3/12/23 at 7:57 am
Posted on 3/12/23 at 8:04 am to theronswanson
quote:
It’s already failed and has been closed down.
They are reopening on Monday to allow customers to withdraw their money up to the insured amount of 250k. I can only imagine the shitshow that will occur tomorrow.
Posted on 3/12/23 at 8:16 am to c on z
quote:
A bigger conversation should be the impact of Dodd-Frank being rolled back.
Haha! That wouldn’t have changed this disaster.
Great liberal talking point for you though.
Posted on 3/12/23 at 8:25 am to Geauxldilocks
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 on 3/12/23 at 8:29 am to Geauxldilocks
Remember when chicken asked that political posts be left to the poliboard? I do, and i wish we could uphold that
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