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 ...
NPR and PBS should hire these folks now they're out of work... Go Woke - Go Broke...
I don’t see evidence showing the bank was done in by woke theology. Was it present? Definitely, but investments didn’t look bad and the loans were being paid.
Any time a bank has depositors take out their monies, they have to have cash to cover that. When a lot of cash is needed, you need to sell investments at a loss to get quick cash for your customer.
That is simply what seems to have happened, here.
I hit the wrong key and added a couple zeroes.
My bad.🤣
Ah yes, how does that go? “Love fly’s out the window when money walks through the door’’.
Or in this case when the money ran out the door.
Maxine Waters gave them the green light to go WOKE ?
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