Anyone remember WAMU?
Posted on 03/11/2023 7:11:31 PM PST by GrandJediMasterYoda
While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs
A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.
Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.
“The phrase ‘you can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.
“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.”
(Excerpt) Read more at nypost.com ...
If you go woke, you go broke.
Anyone remember WAMU?
Someone who loses their money because of mismanagement by a lefty woke agenda from the CEO should be able to sue them for fraud for neglecting their fiduciary responsibilities.
Grind ESG into the ground with lawsuits
Yes! Washington Mutual? That bank was INSANE! I remember they were giving $5000, $10,000 loans to people I knew were unemployed and refused to work when I lived in NYC. Was that Barney Frank who prodded Wamu to do that? I think it was
get woke, go broke!
the left will financial implode because of it, maybe this is just the beginning.
I am hearing on radio Zuckerberg lost $5bn to $6bn on this woketard disaster. Serves him right!
Tucker Carlson: This is the largest bank failure since 2008 https://www.youtube.com/watch?v=cl-ZawiAghE
Awesome!!! And what did he spend, $500 million helping Biden in the election? I would love to see that punk go broke.
Thanks, I’m watching it now. Sounds like the Woketards just signed their own death warrant, they made a lot of people lose a hell of a lot of money and when it comes to money all bets are off.
Here is their ESG reporting:
https://www.svb.com/about-us/living-our-values/esg-reporting
As you can see on the ESG page, they were even offering reporting for the WORLD ECONOMIC FORUM:
https://www.svb.com/globalassets/library/uploadedfiles/wef-index-2022.pdf
Seems they were caught up in all the woke bs and ignored sound banking.
Except they will likely take us with them.
I wonder how the ever kept afloat by leftist donors NYTs will do.
That’s correct and it shows. You turned out a complete disaster.
This points out a way to rein-in anti-American banks. Organize “bank runs” in front of corrupt banks.
Lots of companies push woke nonsense. I suspect it would be even more so in California.
“I wonder how the ever kept afloat by leftist donors NYTs will do.”
Rumors are swirling that Oprah has nearly $600M on deposit there, and that Meghan and Prince Harry have EVERYTHING on deposit there...
Lots of regional banks from coast to coast will be caught up in this aftermath. I strongly encourage everyone to get maybe $500.00 to $1,000 in cash, if you can for emergencies.
Next week will be a very interesting week.
Just broke? I think you are being too kind on the naked mole rat.
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