re: Make no mistake, Silicon Valley Bank was woke

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Problem for svb was the FED raising rates so far so fast. That has never happened in history. Problem was not svb but BAD fed policy. FED was too far behind the curve.

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The problem is that SVB didn’t anticipate this. That’s what they’re paid to do.

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oprah has $600 mil in SVC. She camped out like Krzyzewskiville

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did you mean SVB or is there something else acronymed SVC we should know about?

Also...is there a solid list somewhere of people/companies that are going to be hit here? I saw Roku and the Markals (not sure how true though)

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As the dust settles, I think you'll find that SVB died a traditional death due to things that are not superficial like ESG air DEI. Bad bets in the traditional way is more likely. I would suspect the person trying to juggle the long term vs short term treasury risks was not a good juggler.

Also, if you read up there had been whispers of problems going back at least a year.

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This is the truth of it, right here.

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Why are people trying to convince themselves that these 2 can't go hand in hand?? (Yes I know why)
Yes companies can survive it, but they are writing off a lot more of the losses their woke garbage is handing them. Eventually though it can catch up to them, like we are seeing here. SVB is in the epicenter of the Woke garbage, so it is entrenched in the foundation of the company. They didn't just dip a toe in it, and just enough to keep the crazies happ

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Why?


Look. Like everybody else, I'm waiting for just one globo-institution to go broke as a direct result of going woke.

Just one.

In today's international socio-cultural climate. The answer is no. Corporate failure and wokiness does not go "hand in hand".

In the end, management gives lip service to stuff like ESG and DEI. They may pursue it tangentally but they are not stupid people. Something more traditional happened and it caused a panic by some bigger players who had some serious deposits in the bank to make fast and huge decisions. Probably Becker saying that he would need to go with another round of raising funds in light of the haircut he just took when selling his treasuries probably spooked some hedgefunds and as a result they ran to safety in places like HSBC and JPMChase

Probably this is somewhat tied to some VCs underperforming as well.

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In today's international socio-cultural climate. The answer is no. Corporate failure and wokiness does not go "hand in hand".

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Ok...investing theory and hiring personal based on wokeocracy instead of traditional fundamentals and meritocracy, can in no way cause corporate failure....got it.

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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.

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People on here get this as its discussed a lot. Problem is the lefties are trying to avoid accepting the reality that their wokeness is not a part of the "recipe for success" on a large scale.

Companies need to tell these Marxists to go get bent, and release the receipts from their blackmail attempts.

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In the end, management gives lip service to stuff like ESG and DEI. They may pursue it tangentally but they are not stupid people

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Ok so all the examples of anti-white employee training sessions has all been faked. Also, companies are in no way hiring based on wokeocracy, instead of meritocracy.

All been a ruse...smfh.

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Read Pinkerton on Breitbart less. Guys like Becker don't really give a shite about that stuff. My money is on some VCs underperforming forcing the bank to sell some treasuries that they bought when rates were ridiculously low.

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It was a poorly run bank. They did not manage risk, match maturities of investments with obligations. Why were they poorly run? The devil is in the details and while ESG and DEI initiatives didn’t directly cause the run on the bank, it did result in the bank allocating time and money away from hiring competent people to manage risk.

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All of these woke globo-institutions hire from the same elitist pool but ok.

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And that's the issue as they are locust that go from company to company trying to make "change" to the traditional fundamentals. They figured out long ago they can't succeed if it's just a few companies, so they need to make all think like them. They probably required the start ups they would give money to, to commit to wokeocracy.

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I think Kiwihead is probably right. When the dust settles we'll know more but do you think the poli-board finally bagged its White Whale?

Do you think we finally have one globo-institution that's broke because it went woke?

Maybe, we'll see.

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He's not the only one in here to think we'll see what happens and see where things will land. The issue is the people trying to convince others that wokeness can not be a cause, small or large. Big fish catch or not, but as long as the govt doesnt bail it out to hide the real reasons then we'll figure it out.

Bad bet is thinking that wokeness didn't have some kind of negative trickle effect. Heck it could be a key team that had some bad hires due to wokeness, though that won't be ever disclosed and all blamed on "bad business moves," "changes to Dodd-Frank" etc etc instead of "wokeocracy" hiring practices that made bad calls because they aren't they best of the best.